The Oberoi Group has invested Rs 400 crore in its latest luxury hotel in Gurgaon. Spread across nine acre, the launch of the new property was overshadowed by speculations on who will succeed the 82-year old hotelier PRS Oberoi, or Biki as he is called by friends. CNBC-TV18's Nayantara Rai visited the new Oberoi Gurgaon and here's what she found.
I'm at the new Oberoi in Gurgaon. The Oberoi Group says this 202-room hotel will redefine luxury hospitality but the launch was hijacked by the group's succession plans. Chairman PRS Oberoi did not attend the press conference. However, he did issue a press statement referring to a recent newspaper article quoting him as saying his son Voikram Oberoi would be the successor. He described the article as creating an erroneous impression. Now Vikram Oberoi and his cousin and PRS Oberoi
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
