Country Club Hospitality and Holidays (CCHHL), headquartered in Hyderabad, plans to raise USD 100 million through global depository receipts (GDR) or foreign currency convertible bonds (FCCB).
The funds will be used to develop upscale leisure clubs and resorts across India. The company directly manages 30 properties and franchises another 30. Besides expanding its hospitality portfolio, CCHHL is also entering the residential and commercial real estate sectors, targeting major cities like Mumbai, Delhi, Bengaluru, Hyderabad, and Chennai.
The strategic move aims to strengthen its presence in the premium leisure and real estate markets.