Trident to reopen on Sunday

Mumbai, Dec 20 (PTI) The Oberoi Group's Trident Hotel at
Mumbai, one of the targets during last month's terrorist
attack, would reopen Sunday and the group expects at least
100 rooms to be occupied the same day.

The Group's other hotel -- The Oberoi -- would, however,
take six to seven months to reopen.

The Group said that while the damage to The Oberoi is to
the tune of Rs 40 to 50 crore, The Trident suffered damage of
around Rs 40 to 50 lakh.

He said all the damages suffered by both the Oberoi and
the Trident are covered by insurance. The group has also
received Rs 25 crore as advance from one of the insurance
company's for rebuilding and recovery work.

He added: "I would like to thank New India Assurance.
They have already released Rs 25 crore advances to help in our
restoration effort."

"We are working with the insurance agencies to calculate
the loss of profit (due to the damage and the subsequent
closure)," he said.

He added that the hotel has faced "reasonably heavy"
cancellation in bookings.

"Although bookings have been slow for now, we expect at
least 100 rooms to be occupied tomorrow. The pace of bookings
would hopefully increase with the passage of time," Trident
Hotel President Rattan Keswani said.

The rate of cancellations in bookings is around 30 to 35
per cent.

Keswani added that the hotel would not be having any
special New Year's or Christmas party this year although
guests would be offered special menu for lunch and dinner. PTI
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