EIH Associated Hotels Limited has informed the Exchange about Closure of operations of Trident Jaipur for renovation.
EIHAHOTELS · price
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EIH Associated Hotels has announced that its Trident Jaipur property will close for renovation starting 1st July 2025, with re-opening scheduled by January 2027 (around 18 months of downtime). The estimated renovation cost is Rs. 156 crore. Trident Jaipur contributed Rs. 44.14 crore in revenue during FY2024-25, accounting for 10.34% of the company's total revenue. The company is part of the Oberoi Group and operates hotels under the Trident and Oberoi brands. The disclosure was made under SEBI's Regulation 30 as a material event.
The 18-month closure of a hotel contributing over 10% of revenue will weigh on near-term earnings, but the Rs. 156 crore renovation is aimed at upgrading the property, which could boost its performance and margins once it reopens in early 2027.