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Eco Hotels & Resorts signs initial pact for acquiring three properties in Maharashtra

26 Aug 2024 Evaluate

Eco Hotels & Resorts has signed an initial pact for acquiring three properties in Sindhudurg, Maharashtra, as part of its expansion plans. It is aiming for 500 rooms across its properties by December this year.

The addition of these proposed properties, with 94 rooms, which are located near the beaches, will help it achieve the target. It has already secured the Board's approval for the proposed acquisition on July 31. The company is actively working on operational and marketing strategies to ensure these properties are up and running as soon as possible. Eco Hotels and Resorts has more than 200 room capacity at present. 

Eco Hotels & Resorts is engaged in the business of building hotels, management and operations of hotels, services which are allied service in hospitality business such as food and beverages, ticket booking, car rentals, tours, etc.

Peers
Company Name CMP
The Indian Hotels Co 726.30
ITC Hotels 154.35
Mahindra Holi.&Resor 196.10
EIH 299.50
Chalet Hotels 843.45
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