Expressing enthusiasm about the project, S N Ladhani, Chairman of Ladhani Group and SLMG Beverages, stated, “We are excited to collaborate with the Oberoi Group and are committed to developing resorts that celebrate the beauty of Rishikesh while offering guests world-class experiences.” He also noted that the project would be led by his grandchildren, Simran Ladhani and Rachit Ladhani. These additions align with EIH’s broader expansion strategy. In November last year, the company unveiled an ambitious growth plan featuring 20 new properties to be completed by 2029, including 16 hotels, two luxury boats, and a Nile cruiser.

Commenting on this expansion, Vikram Oberoi, CEO and Managing Director of the Oberoi Group, stated, “Our goal remains to create extraordinary hotels with strong financial performance in both city and leisure destinations that blend the very best in luxury, culture, and heritage with personalised service that is distinctively Oberoi.” The company has also reported strong financial performance, with a 20.5% year-on-year (Y-o-Y) increase in consolidated net profit for the December quarter, reaching approximately $31.8 million, while revenue from operations rose 8% to $96.3 million, compared to $89.2 million in the same period last year.