Praveg has received the Letter of Award (LoA) for the development, operation and management of a new resort project at Dhordo, Kutch, Gujarat. The project entails the development of 46 rooms/keys (luxury tents) and 42 dormitories (total capacity of 252 beds), equivalent to 126 standard rooms, thereby further strengthening the company’s hospitality footprint in Dhordo. This award is in addition to the existing 30 Bhungas currently operated by Praveg at the location under a 5-year agreement.
The project has been granted a concession period of 35 years, providing significant long-term visibility for business growth and value creation. The company anticipates robust performance from the upcoming resort, with Expected Average Room Rate (ARR) ranging between Rs 12,000 and Rs 15,000 per night for Rooms and Rs 2,500 to Rs 3,500 per bed for Dormitories, supported by an expected occupancy rate of 55% to 60%, driven by rising tourist demand and strong seasonal inflows during the Rann Utsav.
This development is expected to deliver substantial strategic and economic advantages, including strengthening Praveg’s presence at a globally recognized tourism destination, significantly augmenting accommodation capacity for domestic and international travelers, and generating long-term financial value through an asset-light concession model. The project is also likely to stimulate socio-economic growth by creating employment opportunities and supporting regional tourism infrastructure, while upholding Praveg’s commitment to environmentally conscious development and low-impact hospitality solutions.
Praveg (Formerly known as Praveg Communications (India)) is principally engaged in business of providing services in holding and arranging Events, Exhibitions, Advertisement, Hospitality and in pharma sector.
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