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Mahindra Holidays & Resorts India to Add 850 Rooms in FY26
Hindustan Times West UP
|May 05, 2025
Mahindra Holidays & Resorts India Ltd plans to add 850 rooms in the current fiscal as part of its ongoing strategy to have 10,000 rooms by 2030, according to its Managing Director and CEO, Manoj Bhat.
NEW DELHI:
The company, which added 520 rooms in FY25, could see a doubling of its capex in FY26 from the ₹300 crore spent last fiscal depending on receipt of permits and regulatory approvals for its planned expansion, Bhat told PTI.
"We had the highest ever room additions in FY25 and FY26 will be higher, and I think we'll add about 850 rooms... They'll come at various points, (spread from) from Q1 to Q4...," he said when asked about the company outlook for 2025-26.
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