Oberoi Realty Consortium Wins Hotel Horizon Deal in ₹919 Crore Bid

Oberoi Realty Seals Landmark Deal for Juhu's Hotel Horizon

Luxury real estate giant Oberoi Realty has taken a definitive step toward expanding its footprint in Mumbai’s premium property market. In a high-stakes acquisition move, a consortium led by Oberoi Realty—together with Shree Naman Developers and JM Financial Properties and Holdings—has received formal approval to acquire the iconic Hotel Horizon property in Juhu, Mumbai.

The Committee of Creditors (CoC) of Hotel Horizon Private Limited (HHPL) approved the ₹919 crore resolution plan submitted by the consortium. On July 14, the Resolution Professional issued a Letter of Intent (LOI) confirming the consortium as the successful resolution applicant, in line with India's Insolvency and Bankruptcy Code (IBC). The plan ensures a full and final settlement of claims, including unpaid Corporate Insolvency Resolution Process (CIRP) costs, with payment to be completed within 45 days of approval from the National Company Law Tribunal (NCLT), Mumbai Bench.

This acquisition may be executed directly by the consortium or via a newly formed special purpose vehicle (SPV). As part of the process, the consortium or SPV will subscribe to ₹1 crore worth of fresh equity shares in HHPL, thereby acquiring a complete 100% stake and control of the entity.

Strategic Juhu Location Adds Premium Value

Hotel Horizon boasts an enviable position with a 7,500 square metre parcel of land facing the Arabian Sea—one of Juhu’s most desirable addresses for future luxury hospitality or residential redevelopment. This rare, sea-facing asset adds immense long-term value to Oberoi Realty’s portfolio and aligns with its strategy of developing landmark projects in marquee locations.

This resolution represents not just a significant expansion for Oberoi Realty in Mumbai's high-value real estate, but also a showcase of India's maturing insolvency resolution framework that encourages transparent, timely turnarounds of distressed assets. Investor appetite remains robust for prized locations with high redevelopment potential, especially in a vibrant market like Mumbai.

• Oberoi Realty expands Mumbai portfolio
• Hotel Horizon acquisition completed via IBC process
• Prime Juhu asset offers major redevelopment opportunity