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Oberoi Realty and partners secure ₹919 crore deal to resolve Hotel Horizon's insolvency in Mumbai.
Oberoi Realty, along with Shree Naman Developers and JM Financial Properties, has been chosen to resolve Hotel Horizon Pvt Ltd's insolvency through a ₹919 crore deal.
The consortium will pay creditors this amount as full settlement of all claims.
Hotel Horizon owns prime land in Mumbai's Juhu area, which the consortium plans to develop into a retail-cum-hotel project.
The acquisition will either be carried out directly or through a special purpose vehicle.
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Oberoi Realty y sus socios aseguran un acuerdo de ₹919 crore para resolver la insolvencia del Hotel Horizon en Mumbai.