Mahindra Holidays and Resorts, a vacation ownership company, has acquired a resort comprising 60 rooms situated at Manali. This is the company’s second resort in Manali and with this acquisition, the company takes its resort count to 41.
Arun Nanda, Chairman, Mahindra Holidays and Resorts, said: "With its snowcapped peaks and beautiful vistas, Manali has always been a popular destination. This acquisition is part of our strategy to increase our resort footprint and offer a variety of experiences in diverse locations, including hill stations, deserts, jungles and beaches.''
The resort, which was acquired by purchasing 100 per cent equity share capital of Competent Hotels, is perched on the left bank of the River Beas. 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. Most of the 60 rooms have a private balcony which offer a spectacular view of the surrounding mountains.
Mahindra Holidays’ resort footprint in North India includes Corbett, Naukuchiatal (near Nainital), Binsar, Manali, Dharamshala, Mashobra (Shimla), Kanatal (near Mussoorie), Kandaghat (near Shimla) and Mussoorie.