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Mahindra Holidays & Resorts India to invest Rs 800 crore in Tamil Nadu
Hospitality and Healthcare - Jan 19,2024 -Mahindra Holidays & Resorts India said it will invest Rs 800 crore in Tamil Nadu to build three greenfield resorts over the next five to six years.
The company has signed an MOU with the Tamil Nadu government for the same, Mahindra Holidays & Resorts India Ltd (MHRIL) said in a statement.
"With this significant investment, MHRIL will double its footprint in Tamil Nadu, with Club Mahindra already operating resorts in Ooty and Kodaikanal," the company said.
This would be the second-largest investment by MHRIL, following the Rs 1,000 crore investment in Uttarakhand last year.
These investments are part of the company's expansion plans to increase room inventory from 5,000 to 10,000 by 2030, the statement said.
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