financeasianhospitality.com··1 min·For: Owner, Investor, GM
Oberoi Secures Wildflower Hall in 35-Year Lease
The Oberoi Group has won a 35-year lease to operate the historic Wildflower Hall resort in Himachal Pradesh following a record-breaking e-auction bid. Under the new agreement, the state government will retain full ownership and receive 47.1% of gross revenue, yielding an estimated $210.72 million.
Key Takeaways
- 1Oberoi won the 35-year operational license with a record bid of 47.1% of annual gross revenue.
- 2Himachal Pradesh expects $210.72 million over the term, alongside upfront fees and capex commitments.
- 3The agreement follows the state regaining full ownership of the 123-year-old heritage property in 2025.
Source: asianhospitality.com
Keep reading
Our reporting
More in finance