Club Mahindra Holidays Explained
| Mahindra Holidays & Resorts India Ltd. (MHRIL) |
| Type: | Resorts |
| Traded As: | [1] |
| Area Served: | Worldwide |
| Revenue: | (2023)[2] |
| Operating Income: | (2023) |
| Net Income: | (2023) |
| Assets: | (2023) |
| Equity: | (2023) |
| Industry: | Hospitality |
| Products: | Vacation Ownership (VO) |
| Parent: | Mahindra Group |
Club Mahindra is an Indian hospitality company founded in 20 September 1996, which is a part of the Mahindra Group. It runs a number of resorts on a time share system, selling 25-year memberships which allow members to stay at the company's resorts for a week every year.[3]
Club Mahindra Resorts
As of 2017, Club Mahindra operated over 110 resorts in India.[4]
Acquisitions
- In 2014, MHRIL bought 18.8 percent stake in the European company, Holiday Club Resorts Oy.[5]
- In June 2014, the company acquired Finland-based Holiday Club Resorts for 600 crore.[6]
- In 2015, MHRIL increased its stake in Holiday Club Resorts Oy to 88 percent.
- In 2016, MHRIL signed a pact to buy 12 percent stake in Nreach Online Services.[7]
- In 2017, MHRIL increased its stake in Finland's Holiday Club Resorts Oy by adding 6.33 percent to make it 91.94 percent.[8]
- In 2017, the company inked an agreement with Ideal Group of Companies to establish its presence in Sri Lanka.[9]
- In 2018, Suha Travel & Tours W.L.L[10] Became The Official Distribution Partner In The Kingdom Of Bahrain
Notes and References
- Web site: Club Mahindra plans expansion on 10th anniversary.
- Web site: Club Mahindra 2021-22 Annual Report . bseindia.com . 24.
- Web site: Should you sign up for timeshares?. Radhika. Merwin. 30 August 2015.
- News: Mahindra Holidays & Resorts India Ltd.. Business Standard India . live. https://web.archive.org/web/20170103165024/http://www.business-standard.com/company/mahindra-holiday-18268/information/company-history. 2017-01-03.
- Web site: Mahindra Holidays to hike stake in Holiday Club Resorts to 88%. live. https://web.archive.org/web/20171222060848/http://www.dnaindia.com/money/report-mahindra-holidays-to-hike-stake-in-holiday-club-resorts-to-88-2094114. 2017-12-22.
- News: Mahindra buys Finnish company Holiday Club for Rs 600 crore – Times of India. . 8 July 2014 . live. https://web.archive.org/web/20170204163501/http://timesofindia.indiatimes.com/business/india-business/Mahindra-buys-Finnish-company-Holiday-Club-for-Rs-600-crore/articleshow/37987719.cms. 2017-02-04.
- News: Mahindra Holidays to acquire 12% stake in Nreach. Business Standard India . October 2016 . live. https://web.archive.org/web/20171222053139/http://www.business-standard.com/article/pti-stories/mahindra-holidays-to-acquire-12-stake-in-nreach-116100100663_1.html. 2017-12-22. Press Trust of India .
- Web site: Mahindra Holidays buys additional 6.33% stake in Holiday Club Resorts. 11 January 2017 . live. https://web.archive.org/web/20171222052114/http://www.zeebiz.com/companies/news-mahindra-holidays-buys-additional-633-stake-in-holiday-club-resorts-10608. 2017-12-22.
- Web site: Ideal Group forays into hospitality and leisure industry Introduces best-value Mahindra Holidays in unique resorts. live. https://web.archive.org/web/20171222051518/http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=174107. 2017-12-22.
- Web site: c . Club Mahindra . .
