Mahindra Holidays is planning to ramp up its operations in the next three years. The company is all set to make an investment of Rs 1,200 crore to add 1,000-1,500 new rooms in the next three years.
The ramp up will be funded through internal accruals entirely. The company added 850 rooms during two years of the pandemic and is currently in the process of ramping up its Shimla resort with 185 room additions at an investment of Rs 200 crore.
It is also building a Greenfield 135 room resort in Ganapatipule, Maharashtra at an investment of Rs 250 crore. It is also planning to add another 60 rooms to its Puducherry resort at a cost of around Rs 55-60 crore. Mahindra Holidays is also looking at new properties including a presence in Mahabalipuram, Yercaud and Kodaikanal.