The Oberoi

New Delhi: The 271-room, 50-year old property of Oberoi Hotels  calls for a shut down for two years from Friday. Apparently, all the small set of luxury hotels located in central Delhi and in the Lutyens’ zone have got a big reason to cherish themselves as the top most corporate czars acquired by this most honoured brand will now make a move to their premises. Besides, their tenancies and average room rates (ARR) will also get a hike.

Clearly, The Leela Palace in Chanakyapuri, Maurya, the Taj hotels in central Delhi and Imperial are going to take this advantage utmost. The said categories come under the capital’s best hospitality industry. As of now, Delhi is having quite an ample number of five-star hotels, though, only a few of them have been chosen by the foreign personalities, which include the President of the United States as well.

Vijay Wanchoo, senior executive VP and GM of the Imperial, says,

“The closure of The Oberoi, New Delhi, will surely have some positive (outcome)… Based on the prevailing ARRs, The Imperial is looking at two aspects: one of volume-based business and two of the high-end clients as we currently are in the top bracket…

“Like The Imperial, The Oberoi has also some loyal clients and we will definitely look to convert some of them as we are located within walking distance of Connaught Place and close to top corporate offices and ministries. Those seeking leisure facilities and corporate travellers are already looking at us as a viable option.”