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Mahindra Holidays & Resorts to open Virajpeth property in January

26 Oct 2012 Evaluate

Mahindra Holidays & Resorts India, a leader in the vacation ownership space with over 147,000 members and 40 resorts across India and abroad is planning to open 100-room Virajpeth property in Coorg, Karnataka in January. The property will eventually have 200 rooms. 

The company is also likely to open two other greenfield properties at Shimla and Goa. It will be adding 400 rooms to the company’s inventory of 2,276 rooms as at the end of September 30, 2012 after Virajpeth and these two properties startup. During July-September quarter, the company added 313 rooms to end up at 2,276 rooms. The entity aims to add between 700 and 750 rooms in the current financial year.

Peers
Company Name CMP
The Indian Hotels Co 715.40
ITC Hotels 152.25
Mahindra Holi.&Resor 192.45
EIH 283.70
Chalet Hotels 846.15
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