Kolkata, Aug 20 - East India Hotels (EIH), the flagship company of hospitality major Oberoi Group, will likely have a capital expenditure of Rs.250 crore till 2011, a top company official said here Thursday.

'We planned to spend Rs.350 crore till 2011, out of which we have already spent Rs.100 crore. We are spending this amount for new hotel properties and renovating the existing ones,' P.R.S. Oberoi, chairman of EIH Ltd, told reporters.

Talking about the overseas operations of the company, he said: 'The company will be managing two Oberoi hotels in Abu Dhabi and one in Oman. We have signed a management contract for an Oberoi hotel and residences in Morocco.'

The company, which reported a 21.53 percent drop in its net profit to Rs.170.44 crore in 2008-09, said plans for consolidation and expansion were on track. These include renovation of Trident Hotel in Mumbai, one of last year's terror attacks.

The hotel is expected to reopen in the first quarter of 2010.

Among hotels that are to come into operation is the 440-room Trident Hotel at Bandra Kurla, and another at Gurgaon, near Delhi

Apart from this, the Oberoi Group is also building a hotel near the Bangalore airport and two in Hyderabad under the Trident and Oberoi brands.

EIH's revenues in the last fiscal dropped 7.