Oberoi Realty Triumphs: Juhu's Hotel Horizon Acquired in ₹919 Cr Deal

Oberoi Realty, in partnership with Shree Naman Developers and JM Financial Properties and Holdings, has secured approval for its resolution plan for Hotel Horizon Pvt. Ltd. (HHPL), located in Mumbai’s prime Juhu locality.

The Committee of Creditors (CoC) approved the consortium’s ₹919 crore bid on 14 July 2025. The amount includes full and final settlement of all admitted claims and unpaid Corporate Insolvency Resolution Process (CIRP) costs. Payment is to be made within 45 days of receiving approval from the National Company Law Tribunal (NCLT), Mumbai Bench.

Hotel Horizon holds a strategically located 7,500 sq. metre sea-facing land parcel in Juhu, overlooking the Arabian Sea. The acquisition supports Oberoi Realty’s strategy to expand its footprint in Mumbai’s premium real estate market.

As per the resolution plan, the acquisition will be executed either directly by the consortium or through a Special Purpose Vehicle (SPV). The consortium or SPV will subscribe to ₹1 crore worth of fresh equity shares in HHPL, ensuring 100% ownership and control—subject to regulatory and NCLT approvals.

News by Rahul Yelligetti.