Moneycontrol PRO
HomeNewsBusinessReal EstateOberoi Realty signs deal with Marriott International for developing hotels in Mumbai, Thane

Oberoi Realty signs deal with Marriott International for developing hotels in Mumbai, Thane

Oberoi Realty in the statement said that Sky City Mall in Mumbai's Borivali is slated to launch in FY 2024-25.

February 16, 2024 / 14:59 IST
Oberoi Realty in a statement said that both the hotels are set for completion in 2027-2028.

Oberoi Realty on February 16 announced that it has entered into an agreement with Marriott International for development of two Marriott properties, JW Marriott Hotel Thane Garden City and Mumbai Marriott Hotel Sky City in Borivali, to be completed by 2027-28.

“The JW Marriott Hotel Thane Garden City will be set in Oberoi Garden City, Thane, our integrated development spread across 75 acres which will also consist of luxury residences and world class amenities," said Vikas Oberoi, chairman and managing director of Oberoi Realty Limited.

Oberoi added that the Mumbai Marriott Hotel Sky City will be part of Sky City, an integrated living development across 25 acres in Borivali East which also consists of eight luxury residential towers and the premium Sky City Mall spanning over 1.5 million square feet.

Also read: Oberoi Realty's second mall in Mumbai expected to open in mid-2024

"We look forward to continuing our longstanding association with Marriott International considering our ongoing management agreement with our hotels The Westin Mumbai Garden City and The Ritz-Carlton, Mumbai," Oberoi added.

According to the company, building on the success of Oberoi Garden City, Goregaon, it is committed to enhancing Thane's lifestyle with luxury apartments, landscaped gardens, and world-class education. The JW Marriott Hotel Thane Garden City will add exemplary hospitality to the growing affluency of Thane.

In Borivali, Mumbai Marriott Hotel Sky City will further enhance the integrated lifestyle, the company said.

Watch: Mumbai builder Vikas Oberoi, wife Gayatri involved in fiery Lamborghini crash. 

"We have delivered nearly 1,500 apartments which are in the process of being handed over to their customers. Slated to launch in FY 2024-25, Sky City Mall is set to offer a gamut of experiences for the whole family with leading domestic and international brands across apparel, electronics, lifestyle, entertainment options and culinary experiences," the company said in a statement.

Mehul R Thakkar
Mehul R Thakkar is Special Correspondent, Moneycontrol, India’s leading financial news platform, based in Mumbai where he is focussed on covering the real estate sector.
first published: Feb 16, 2024 02:54 pm

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!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347