Mahindra Holidays earmarks Rs. 500 crore for capacity expansion.

Mahindra Holidays and Resorts India Ltd. (MHRIL), which runs time-share holidays under the Club Mahindra brand, will invest Rs. 500 crore towards capacity expansion over the next 18 months. The capital expenditure will largely involve adding new guestroom inventory to its portfolio of 2,400 taking the total to nearly 3,000 by the 2015-end.

According to an MHRIL company executive, the new room additions will be made through a combination of expanding existing resorts and adding new properties to their domestic portfolio.

'Approximately 600 new rooms are being targeted. Capacity expansion will happen across six resorts including those in Coorg, Kerala and Kanha. New properties will also get added in the northern, western and southern regions of the country,' the executive said at an earnings call recently.

DNA