Oriental Hotels Terminates MoU With DIL Pertaining To Hotel Unit In Kerala
2018-11-30 Announcements Hospitality Southern India
Oriental Hotels Limited informs that, based on the approval of the Board, the Company has entered into an agreement with the licensor viz., Dodla International Limited (DIL) in respect of the termination of the MoU between the Company and DIL. The MoU pertains to the licensing arrangement of the Hotel unit at Trivandrum. The termination will be effective from April 01, 2019. Consequent to this the Hotel Operating Agreement between the Company and the Indian Hotels Company Ltd (IHCL) also will end effective from April 01, 2019.