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Indian Real Estate News
Mayfair Group acquires Oberoi's Palm Beach property at Gopalpur
Source: indiainfoline.com Sep 15, 2011
The report stated that the Oberoi Palm Beach, a heritage hotel, was the third oldest property of Oberoi Group, after those in Shimla and Kolkata.

Mayfair Group of hotels has acquired the Palm Beach property of the Oberoi Group located at Gopalpur in Orissa at a cost of Rs. 100mn, according to a report.

The report stated that the Oberoi Palm Beach, a heritage hotel, was the third oldest property of Oberoi Group, after those in Shimla and Kolkata.

Mayfair group intends to invest another Rs. 250mn to renovate the property before reopening it around March next year, says report.

Tag: Real estate in india, property in india, indian properties
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