Ascott Limited (Ascott), a wholly-owned subsidiary of CapitaLand Investment Ltd, announced the signing of a management agreement with the Innovative Group for setting up a new hospitality project branded ‘Oakwood’ in Navi Mumbai, Maharashtra. The upcoming facility located in the central business district of Navi Mumbai is poised to cater to the diverse needs of various guests comprising business and leisure travelers.
The new Oakwood Hotel is scheduled to be operational by March 2026 and will comprise 126 hybrid units of hotel rooms and serviced residences. The project will offer compelling amenities such as food & beverage offerings, versatile meeting & banquet spaces, a gym, and a swimming pool.
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The expansion of Ascott in Navi Mumbai aligns with the company’s vision to create exceptional hospitality experiences in strategic locations across India. It also underscores Navi Mumbai’s emergence as a premier destination for travelers seeking luxury experiences amidst a thriving urban landscape, said Hoshang Garivala, Country General Manager, Ascott International Management India Pvt Ltd.
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