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Mahindra Holidays planning to invest up to Rs 1,500 crore in next 3 years in expansion

12 Dec 2022 Evaluate

Mahindra Holidays & Resorts India (MHRIL) is planning to invest up to Rs 1,500 crore in the next three years in expansion, including room additions and resort acquisitions. The company is also considering launching a new upscale brand for managing resorts, through which it would also look to further grow its Club Mahindra memberships. At present, Mahindra Holidays & Resorts India has a total of about 4,700 rooms across 86 resorts -- 74 in India and 12 internationally.

Mahindra Holidays & Resorts India (MHRIL), a part of Leisure and Hospitality sector of the Mahindra Group, offers quality family holidays primarily through vacation ownership memberships and brings to the industry values such as reliability, trust and customer satisfaction.

Peers
Company Name CMP
The Indian Hotels Co 709.45
ITC Hotels 150.70
Mahindra Holi.&Resor 191.30
EIH 284.20
Chalet Hotels 831.05
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