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Mahindra Holidays acquires new 60 room resort in Manali

India Blooms News Service | 20 Jun 2014, 01:39 am
Mumbai, June 19 (IBNS): Vacation ownership company Mahindra Holidays & Resorts India Ltd. (MHRIL) on Thursday announced the acquisition of a resort comprising 60 rooms situated at hill station Manali.

This is the company’s second resort in Manali and with this acquisition, MHRIL took its resort count to 41.

Speaking about this development, Arun Nanda, Chairman, MHRIL said, “With its snowcapped peaks and beautiful vistas, Manali has always been a popular destination for our members and this new property will only encourage more of them to visit this spectacular destination. This acquisition is part of our strategy to increase our resort footprint and offer our members a variety of experiences in diverse locations, including hill stations, deserts, jungles and beaches.”

"The resort, which was acquired via purchase of 100% equity share capital of Competent Hotels Pvt. Ltd., is perched on the left bank of the River Beas and offers a picture perfect mountain view. It overlooks a fertile valley covered with gently terraced paddy fields and the majestic snow clad peaks of the Himalayan range provide a breathtaking backdrop to this serene location. Most of the 60 rooms have a private balcony which offer a spectacular view of the surrounding mountains," the company said in a statement.

Mahindra Holidays acquires new 60 room resort in Manali

India Blooms News Service
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