Is Trident Hotel owned by Reliance?
Is Trident Hotel owned by Reliance? Mukesh Ambani's Reliance Industries Ltd (RIL) made a surprise entry into the hospitality sector on Monday with the announcement that it had bought 14 per cent stake for R1,021 crore in EIH Ltd, which runs the Oberoi and Trident groups of hotels, from firms controlled by the founding family.
Which hotels are Reliance buying?
This development comes after Reliance Industries Chairman Mukesh Ambani acquired a controlling stake in Mandarin Oriental New York for around $98.15 million in 2022. In 2021, Ambani acquired the iconic country club and luxury golf resort Stoke Park for £57 million ($72.25 million).
Is Trident part of Hilton?
The hotel was renamed Hilton Towers Mumbai on 5 April 2004, as part of a marketing alliance between Oberoi and Hilton Hotels. It was renamed Trident Nariman Point on 1 April 2008, when the alliance with Hilton ended.