The Oberoi Group announced its plans to develop two new resorts in Rishikesh in partnership with The Ladhani Group on Monday. The expansion includes an 80-key luxury Oberoi-branded resort with the “vilas” designation and a 120-key five-star Trident-branded hotel.
Both properties will be situated on a 60-acre site bordered by the Ganges on three sides. The Ladhani Group’s entities — Devprayag Ganges Resorts Pvt Ltd and Jamuna Hotel Enterprises Pvt Ltd — will own and develop the properties, with renowned architect Bill Bensley handling the design.
Construction is expected to begin in early 2026, with the new resorts adding to EIH’s previously announced development pipeline of 19 properties scheduled for completion by 2029.
Q3 results
The announcement comes as EIH, the Oberoi Group’s flagship company, reported strong financial performance with its highest-ever Q3 results. The company posted standalone revenue of ₹722 crore and consolidated revenue of ₹831 crore, with standalone and consolidated profit after tax increasing 18 per cent and 21 per cent respectively.
“These two resorts reflect our unwavering commitment to expanding our presence in remarkable destinations,” said Arjun Oberoi, Executive Chairman of The Oberoi Group, while S.N. Ladhani, Chairman of The Ladhani Group, expressed excitement about the collaboration, noting the cultural and natural significance of Rishikesh.