Oberoi Realty, in collaboration with Shree Naman Developers and JM Financial Properties and Holdings, has successfully secured the resolution plan for Hotel Horizon (HHPL) in Juhu locality of Mumbai.

The Committee of Creditors (CoC) approved the consortium’s resolution plan on 14 July, 2025, with a total bid of Rs 919 crore, covering full and final settlement of all outstanding claims and unpaid Corporate Insolvency Resolution Process (CIRP) costs. The payment is required within 45 days of the National Company Law Tribunal (NCLT), Mumbai Bench’s approval.

Hotel Horizon owns a 7,500 sq. mtrs. land parcel overlooking the Arabian Sea in Juhu. The acquisition aligns with Oberoi Realty's strategy to strengthen its presence in premium real estate. The deal will be executed either directly by the consortium or through a Special Purpose Vehicle (SPV). Under the resolution plan, the consortium or SPV will subscribe to Rs one crore worth of fresh shares, ensuring 100 percent ownership and control of HHPL, subject to regulatory and NCLT clearances.