Mahindra Holidays & Resorts India (MHRIL), the leisure and hospitality company of the $16.7-billion Mahindra Group, is planning to add around 500-550 units with an investment of around Rs 550 crore. The current inventory of the company is 3,004 units and the company decided to add around 500-550 units through green-field and brown-field expansions in Shimla, Goa and Kerala.
The additional inventory will be added in the next two-two and half years. During this time, the company is also open to looking for partners to promote projects, and for acquisitions.
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.
