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Mahindra Holidays signs new resort in Dapoli

Mahindra Holidays & Resorts India Ltd. | Hotel, Resort & Restaurants | Travel & Hospitality | BSE: 533088 | NSE: MHRIL

04 Mar 2026 Evaluate

Mahindra Holidays & Resorts India (MHRIL) has signed a new resort in Dapoli, near the scenic Murud Beach, further strengthening its presence along Maharashtra’s coastline. This addition forms part of the company’s FY26-FY30 roadmap, which targets over 10,000 keys under Club Mahindra and an overall portfolio scale of 12,000 keys. Through a combination of new signings, greenfield developments, and management contracts across high-demand tourist corridors, the company is progressing toward its ambition of becoming India’s number one leisure hospitality player.

Dapoli strengthens MHRIL’s presence in high-growth coastal markets with strong drive-to demand and marks the first of several planned developments along India’s western coast. Spread across 13 acres, the upcoming Club Mahindra Dapoli Resort will feature 110 keys, launched in phases. The first phase, comprising 52 keys, is slated for launch in Q1 FY27, with the remaining inventory opening in Q2 FY27.

Designed as a contemporary coastal retreat, the resort will cater to families seeking immersive, experience-led stays. Planned amenities include a sea-facing all-day dining restaurant, an open-air cafe, swimming pool and spa, a fully equipped fitness centre, and a dedicated Happy Hub for children’s recreation. The property will also feature a 500-pax indoor banquet hall and an expansive outdoor lawn accommodating 800-1,000 guests, positioning it as a compelling venue for destination celebrations and large-format gatherings.

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.

Mahindra Holi.&Resor Share Price

258.35 -8.90 (-3.33%)

24-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Indian Hotel	635.65
ITC Hotels	158.35
EIH	326.75
Chalet Hotels	799.95
Mahindra Holi.&Resor	258.35
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