Mahindra Holidays & Resorts India Ltd expects to open the first property under its luxury leisure hospitality brand ‘Mahindra Signature Resorts’ in the later part of FY27, according to its Managing Director & CEO Manoj Bhat.
The company, which last week announced plans to enter the luxury leisure hospitality segment, has earmarked an investment of Rs 1,000 crore for the same.
With its foray into the leisure hospitality segment, Mahindra Holidays & Resorts India Ltd (MHRIL) has increased its total number of targeted rooms to 12,000 by FY30, across the new and existing vacation ownership businesses, from the previously announced 10,000 keys.
“The first location will be at Theog in Himachal Pradesh, and then we are looking at two to three priority regions. One is north India…then we are looking at one or two destinations in the south and a couple of destinations in Maharashtra right now,” Bhat told PTI.
He was responding to a query on the expansion plans for Mahindra …
