Coffee Day Enterprises’ hospitality arm -- Coffee Day Hotels and Resorts (CDHR), is looking at expanding its luxury resort business at an investment of over Rs 200 crore. The company is planning to set up new resorts and also increase its stake in a luxury resort operated by Barefoot Group in Andaman and Nicobar Islands for an investment of Rs 20 crore. Two years ago, the company had picked up a minority 26% stake in Barefoot Resorts from existing investors and is now looking at increasing it to nearly 50% with certain management control.
Coffee Day Enterprises is the parent company of the Coffee Day Group, which houses Cafe Coffee Day that pioneered the coffee culture in the chained cafe segment in India.
