Investment worth Rs 4,500 crore planned by Mahindra Holidays, to double room capacity
Hospitality major Mahindra Holidays & Resorts India Ltd (MHRIL) has announced plans to invest around Rs 4,500 crore in the next three to four years to double its room capacity to 10,000, as per a report from The Economic Times. The firm is actively pursuing partnerships with state governments besides setting up new resorts, brownfield expansion, and acquisitions to increase room count from 5,000 to 10,000 by FY30.
Currently, Rs 835 crore of investment is underway for 5 greenfield, brownfield, and acquisition projects, comprising about 690 keys.
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