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Mahindra Holidays & Resorts India to infuse Rs 1,200 cr for expansion

Monday, 05 Apr 2021

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Mahindra Holidays & Resorts India is on an expansion mode and will look at investing close to Rs 1,200 crore to add 1,500 rooms in its portfolio over the next three to four years.

The chain opened 10 new resorts in FY21, including four in Gujarat, Maharashtra and Rajasthan in March 2021.

The other locations where it expanded presence in FY21 included the Andamans, Goa and Kerala. It is also looking at acquisitions in the Indian market besides new partnerships in international markets such as London, Phuket and Bali.

Mahindra Holidays & Resorts currently has 79 resorts in its portfolio out of which 69 are in India. It has affiliate tie-ups with hotel chains and other brands in markets such as the US.