Word: oberoi
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...Saudi Arabia also rejected an overture from the Shah. Egyptian President Anwar Sadat, however, agreed to receive him. The Shah and his entourage were met with all the trappings due a royal personage-a red carpet, a 21-gun salute, an embrace from Sadat-and were escorted to the Oberoi Hotel located on an island in the Nile near Aswan...
...Continental Consolidated has its way, Laos and South Viet Nam may soon have similar operations. There is also a move afoot in the Philippines to legalize a score of clip joints that have operated virtually undisturbed along Manila Bay. Even tiny Nepal has opened a casino in the Soaltee Oberoi Hotel in Katmandu...
...continue his interrupted family vacation, his open-handed demonstration had been worth a hundred propaganda pronouncements on U.S. capitalism. "You don't have to be a millionaire to put up $5,000," said Graham, hoping to encourage other Americans into backing small Asian entrepreneurs. Said Indian Hotelman Mohan Oberoi: "Send us 5,000 more Bill Grahams...
Profit & Plumbing. In 1943 poor management in the Associated Hotels chain gave Oberoi his chance. As Associated stock sagged from $2 to 20? on the Calcutta exchange, Oberoi and some partners bought up 54% of the stock, and with it, Associated's eight hotels. Others soon followed as Oberoi improved his hotels. He put modern toilet facilities in every room, central heating and air conditioning into the Grand Hotel in Calcutta and the Imperial in New Delhi, Swiss, German and French managers-bone-bred hoteliers-into most of his hotels. By Indian standards his hotels are excellent...
Today the Oberoi chain sprawls over India, Kashmir and Pakistan, has 1,715 rooms, 4,500 employees, a yearly turnover of 355,000 guests. Profits (before taxes and depreciation) jumped to $1,250,000 last year from $950,000 in 1954. Oberoi believes that the future is even brighter. By 1960 the growing flood of tourists will require another 1,200 rooms in New Delhi alone. In the rest of India, hotel keepers will have to double the number of rooms...