The Oberoi Group is to generate 60% of its revenues from hotel management contracts over the next ten years as it shifts its focus from the real estate sector.

The Oberoi Group’s flagship company EIH, which owns 30 hotel properties under the Oberoi and Trident brand names, has started taking contracts to manage hotel properties owned by others.

The company is accepting management contracts for a 12-16% share of profits, according to The Economic Times.