Kerala based Thomas Hotels and Resorts has drawn up an expansion plan. It
plans to fund the expansion through private equity route.
The company plans to offload 26 per cent equity to raise funding to the tune
of Rs 60-80 crore.
The company's expansion plans comprises setting up new properties at Munnar
and Mararikulam, where the company already has land bank. Plans are afoot to
expand the existing property at Kovalam with the addition of a dozen rooms.
Thomas aims to reach a room inventory of 450 rooms by 2012 from the current 150
rooms.