BANGKOK, 29 January 2016: Minor Hotel Group, has announced its first Oaks property in Neemrana, a fast developing business hub, southwest of New Delhi, India
Development of Oaks Neemrana is in partnership with India-based NSP Associates (India) Pvt. Ltd.
Neemrana is a mega infrastructure project worth USD90 billion, located approximately 90 km from Gurgaon and 140 km from Jaipur.
Its history dates back to the 15th century with the construction of the famous Neemrana Fort Palace, which was restored in 1991 and subsequently converted into a hotel that began attracting tourists to the destination.
Now a major industrial hub with a Japanese and Korean investment zone, Export Promotion Industrial Park, RIICO Industrial Zone 1 & 2 and Knowledge City is making Neemrana a lucrative option for individuals and companies to bring their businesses.
Oaks Neemrana will open in 2017 housed above NSP Arcadia Mall, which is also currently under construction and will offer a supermarket, banks, department stores and retail outlets, along with restaurants and family entertainment including a multiplex cinema.
An additional internationally branded hotel is under development in the neighbouring tower, which is expected to open shortly after the mall and Oaks.
The 116 unit Oaks Neemrana will have three different room types: 68 studio apartments; 40 one-bedroom apartments and eight two-bedroom apartments.
Oaks is one of Australia’s largest, self-contained accommodation providers in the 4 to 4.5 star market and was launched in Australia in 1991. The growing portfolio currently comprises 52 properties across four countries – Australia, New Zealand, Thailand and the United Arab Emirates, with more than 6,000 guest rooms under its management. Additional properties are currently under development in China and Bali, Indonesia.
Units at Oaks Neemrana will be sold to individual purchasers as investment properties lease back into a rental pool. Cushman & Wakefield are the exclusive sales agents for the property.
Minor Hotel Group CEO, Dillip Rajakarier, commented: “We are excited to announce both the first Oaks in India and also the first Minor Hotel Group property in India. The Oaks brand is a great fit for this market, which represents a huge opportunity, and we are confident that the property will be a great success. We are delighted to be partnering with NSP Associates and look forward to working closely with the team to bring this new hotel to the market.”
Minor Hotel Group is a hotel owner, operator and investor, currently with a portfolio of 136 hotels and resorts in 22 countries across Asia-Pacific, the Middle East, Europe, South America, Africa and the Indian Ocean.