Mahindra Hols looks beyond Tier-I cities

Mahindra Holidays & Resorts India Ltd, part of the Mahindra Group, is planning to add 500 units (rooms) over next few years. The expansion will be through both old and new projects. Some of the projects are currently undertaken in Goa, Madhya Pradesh, Shimla, Coorg and Lonavala.

According to the company’s 2012-13 annual report, it added 560 units to its inventory during 2012-13 across 13 resorts — two of which are at international locations — taking total room inventory to 2,480 units.

The first phase of the new project in Virajpet (Coorg) was completed during the year. A smaller expansion also came into effect at the existing property in Varca, Goa. The company also acquired properties in Kandaghat (Shimla), Jaisalmer (Rajasthan), Bangkok (Thailand) and Dubai (United Arab Emirates). It also added inventory by way of long leases in different parts of the country. These include resorts in Cherai-Kochi (Kerala), Poovar (Kerala), Udaipur (Rajasthan) and additional rooms in Yercaud (Tamil Nadu).

Full report here Business Standard


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