Mahindra Holidays & Resorts India Ltd expects to invest up to Rs 1,500 crore in expansion over the next three years, including room increases and resort purchases, according to firm MD and CEO Kavinder Singh.
The business is also thinking of establishing a new, high-end brand for managing resorts, through which it would also aim to increase the number of Club Mahindra members.
“We are moving forward.” “In barely over 2.5 years, we have built 1,000 or so rooms,” Singh told PTI.
Currently, he added, Mahindra Holidays & Resorts India Ltd. (MHRIL) operates 86 resorts with a total of around 4,700 rooms–74 in India and 12 abroad.
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