MAHINDRA HOLIDAYS ACQUIRES RESORT IN MANALI

Mahindra Holidays & Resorts India (MHRIL) has announced the acquisition of a resort comprising 60 rooms situated at Manali. This is the company’s second resort in Manali and, with this acquisition, MHRIL takes its resort count to 41. The resort was acquired via the purchase of 100 per cent equity share capital of Competent Hotels.

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.”