Oberoi Realty Consortium Secures Hotel Horizon for ₹919 Crore


NEW DELHI: Oberoi Realty, in collaboration with Shree Naman Developers and JM Financial Properties and Holdings, has been chosen as the successful bidder for Hotel Horizon (HHPL), a company currently undergoing insolvency proceedings under the Insolvency and Bankruptcy Code (IBC), 2016.

The committee of creditors (CoC) has issued a letter of intent (LoI) approving the consortium’s resolution plan.

According to the plan, the consortium will make a payment of ₹919 crore to HHPL’s creditors as a full and final settlement, including the costs associated with the Corporate Insolvency Resolution Process (CIRP).

Founded in 2004, HHPL owns a sea-facing land parcel of 7,502.49 sq meters on Juhu Tara Road in Mumbai, intended for development into a retail and hotel project.

Upon approval of the resolution plan, the consortium—or a special purpose vehicle (SPV) created by them—will acquire a 100% equity stake in HHPL.

For the fiscal year 2014–15, HHPL reported a turnover of ₹0.46 crore and a net worth of ₹78.51 crore.

  • Published On Jul 15, 2025 at 10:07 AM IST

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