Oberoi Group exits UAE
Oberoi Group will no longer manage The Oberoi Beach Resort, Al Zorah, after the contract between the owner investors and the group was terminated, according to sources familiar with the matter.
Employees have been formally notified, marking the Oberoi Group’s exit from the UAE market.
This move follows a similar transition two years ago when The Oberoi Dubai was rebranded as Anantara Downtown Dubai, with the hotel's management transferred to Minor Hotels.
Sources familiar with the matter told ET that Managing Director and CEO Vikram Oberoi, along with Chief Human Resources Officer Shailja Singh, visited Al Zorah to brief the teams about the development.
The sources added that the owner investors are in discussions with other global hotel chains to take over the management of the property.
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