Reliance set to take on Tata-owned Taj Hotel..!?

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The reliance Group has been busy expanding its business in recent times. It has also made all preparations to enter the hotel industry and as part of it has bought multi-billion worth properties around the world. With expertise in the retail market, mukesh Ambani-led reliance is now focusing on the hotel industry. As part of this, it has already bought multi-billion worth properties around the world to start a new hotel industry. mukesh Ambani's reliance and Ratan Tata's Tata Group are India's two largest conglomerates. reliance is now ready to give competition to the Tata Group, which has already gained popularity in the hotel industry. reliance, which has been expanding its business in recent times, is now gearing up to enter the hotel industry. Tata Hotel was started in 1902 by the Tata Group. Taj Hotel is one of the most luxurious hotels in the world and has gained popularity. Now the reliance Group has ventured into the hotel industry and as part of this has bought multi-crore properties across the globe. There is also an attempt to convert these buildings into luxury hotels.


Antilia is the most expensive property of the Ambani family. This is the house where the Ambani family lives in Mumbai. This bungalow is the second tallest bungalow in the world. Its value is Rs 15,000 crore. Now reliance is buying properties in important places of the world, from which thousands of crores of rupees. Intending to generate income. mukesh Ambani's latest deal in the hotel industry is the acquisition of Taj rival Oberoi Hotels and Resorts. It has entered into an agreement for the management of three hotels owned by Oberoi. Out of these three hotels, two are in india and one is in the United Kingdom. Anant Vilas Hotel in Mumbai, Stoke Park Manor in the UK and an as-yet-unnamed Oberoi-owned hotel in gujarat will be managed by Reliance. It should be noted that reliance already owns 19 percent of Oberoi's EIH Ltd.


Among mukesh Ambani's most expensive properties is the Mandarin Oriental Hotel in New York, which he bought in 2022. The hotel was bought for an amount of US$ 98.15 million (Rs. 817 crores in indian currency). reliance and Oberoi have joined hands to manage and commercialize the Stoke Park property with a total of 59 rooms. reliance had bought a huge property in the UK in 2021 for Rs 529 crore.


And mukesh and Nita Ambani in dubai Palm Jumerah Rs 665 crore. He bought a big building worth US dollars. It has 10 spas, 2 swimming pools, a beach and many other facilities. It is a tailor-made destination for those who visit resorts for a relaxing vacation.

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