Mahindra Holidays & Resorts India’s (MHRIL) step-down subsidiary - Holiday Club Resorts Oy, Finland, has signed a Joint Venture (JV) agreement with City of Kuusamo, (JV partner) for establishment of Tropiikin Rantasauna Oy (JV Entity).
The objective for the formation of Tropiikin is to develop and control the property in the city of Kuusamo based on a land lease agreement and to own the buildings located at the property.
Mahindra Holidays & Resorts is India’s leading player in the vacation ownership industry offering quality family holidays primarily through vacation ownership memberships. While Club Mahindra is the flagship brand, the other brands offered by the company include Club Mahindra Fundays and Club Mahindra Travel.
