## **Oberoi Realty Consortium Wins Bid for Hotel Horizon in Juhu**

**Mumbai, July 14, 2025** — **Oberoi Realty Limited**, in consortium with **Shree Naman Developers Pvt. Ltd.** and **JM Financial Properties & Holdings Ltd.**, has been selected as the **Successful Resolution Applicant** for **Hotel Horizon Pvt. Ltd. (HHPL)** under the corporate insolvency resolution process (CIRP). The Committee of Creditors approved the consortium’s plan, and a **Letter of Intent (LOI)** has been issued on July 14, 2025. The resolution plan involves a **payment of ₹919 crore** towards settling all creditor claims, including unpaid CIRP costs, within **45 days** of NCLT approval. The acquisition will be executed either directly by the consortium or through a newly formed special purpose vehicle (SPV). HHPL owns a **prime 7,500 sq. meter sea-facing land parcel in Juhu, Mumbai**, earmarked for retail and hospitality development. This acquisition aligns with **Oberoi Realty’s core strategy** of strengthening its presence in premium real estate, particularly in the hospitality segment. Upon completion, the consortium will hold **100% ownership** of HHPL through a **cash transaction**. The resolution’s success is subject to NCLT and other regulatory approvals as required under applicable laws.