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Mahindra Holidays to invest Rs. 800 crores in Tamil Nadu


Mahindra Holidays to invest Rs. 800 crores in Tamil Nadu

~The company will build 3 greenfieldresorts at unexplored locations~

~The projects will create employment for over 1500 people~

Mumbai, 19th January 2024: In a landmark development, Mahindra Holidays & Resorts India Limited (MHRIL) India’s leading vacation ownership and leisure hospitality company has signed an MOU with the Government of Tamil Nadu solidifying a strategic partnership aimed at boosting tourism and employment opportunities in the region.

Under theMoU, MHRIL will make a substantial investmentofRs.800 crores to build 3greenfield resorts over the next five to sixyears.Additionally, MHRIL will actively contribute to the state's tourism sector, collaborating with the Government of Tamil Naduto foster its growth and enhancement. This partnership is not only a testament to MHRIL's commitment to Tamil Nadu’s economic development but also signifies its pivotal role in directly generating employment opportunities for over 1500 people, thereby contributing to the overall economy of the state.

This would be the second-largest investmentby MHRIL, following the Rs. 1000 crore investment amount in Uttarakhandlast year, and is part of the company’s robust expansion plans, to increase the room inventory from 5000 to 10,000 by 2030. With this significant investment, MHRIL will double its footprint in Tamil Nadu, with Club Mahindra already operating resorts in Ooty and Kodaikanal.

Club Mahindra offers magical holidays at more than 125 incredible resorts across India and abroad to its strong member base of 2,90,000 happy families. These resorts offer 2000+ unique experiences that are specially curated to meet the holiday needs of multiple generations within a family. The company in the past has established holiday destinations in various locations includingBinsar in Uttarakhand,Coorg and Madikeri in Karnataka, Kumbhalgarh in Rajasthan, Munnar, Ashtamudi, and Cherai in Kerala.Additionally, the company operates resorts in various other distinctive locations likeKanha in Madhya Pradesh,Naldehraand Kandaghatin Himachal,Gangtok in Sikkim, Udaipur, Jaipur, and Jaisalmer in Rajasthan,Mahabaleshwar and Tungi in Maharashtra.

This investment is a testament to the homeland of one of humanity’s living classical civilizations that offers a wide range of tourist attractions- be it the ancient temples of Meenakshi Amman, Brihadeesvara,and Rameswaram or the scenic beaches of Mahabalipuram, Covelong, and Marina or the majestic hill stations of Ooty and Kodaikanal or the wildlife sanctuaries of Mudumalai and Valparai or the UNESCO declared world heritage sites. These locations showcase a blend of cultural, architectural, and natural beauty of the state of Tamil Nadu.

As part of MHRIL’s commitment to sustainability and aim to achieve carbon neutrality by 2040, all the new resorts developed in Tamil Nadu will target to be champions of Net Zero Energy, Water & Waste, and in the process become role models for sustainable tourism in the state.

 

About Mahindra Holidays & Resorts India Limited

Mahindra Holidays & Resorts India Limited (MHRIL), India's leading company in the leisure hospitality industry, offers quality family holidays primarily through vacation ownership memberships. While Club Mahindra is the flagship brand with a 25-year membership, the other products offered by the company are – Bliss, Go Zest,and CMH4.

As on June 30, 2023, MHRIL has 102 resorts across India & abroad and its subsidiary, Holiday Club Resorts Oy (HCR), Finland, a leading vacation ownership company in Europe has 33 Timeshare Properties (Including 9 Spa Resorts) across Finland, Sweden, and Spain.



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