MoneyWorks4Me

Country Club India to buy assets in US and UK markets

01 Jun 2013 Evaluate

Country Club India, the leisure infrastructure company is likely to purchase assets in US and UK markets with the aim to expand in the region. At present, the company has existence in overseas markets such as West Asia, Thailand and Sri Lanka. The entity is planning to buy small to medium hotel or club properties in London and Chicago.

The company has opened its marketing office in London and launched an UK-specific membership card. It has purchased a 100-room hotel in Dubai for Rs 175 crore, during the year.

Peers
Company Name CMP
The Indian Hotels Co 716.15
ITC Hotels 158.75
Mahindra Holi.&Resor 195.20
EIH 298.00
Chalet Hotels 830.20
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