Hotel Radha to set up four luxury resorts

Chennai-based Hotel Radha Pvt Ltd, which owns Chariot Beach Resort at Mahabalipuram near Chennai, is planning to set up four high-end luxury resorts in various tourist destinations in Tamil Nadu with an investment of around Rs 65 crore.

It has identified land in Pondicherry and is finalising location close to Madurai, Coimbatore and Thanjavur for setting up resorts with 35-40 rooms each. The resort in Pondicherry would be ready for operation in a year's time while the rest of the three resorts are expected to come up in next two years, said R Ravi, director, Chariot Beach Resort.

With the setting up of new resorts, the company is planning to bring up Chariot as a brand of leisure group of hotels catering to tourists and corporate houses. Investment for the future projects would be generated internally, he added.

 

The company expects 50 per cent growth in operations by next year, with setting up of the Pondicherry project and plans are to augment the growth to 130 per cent in 2012-13. Its first resort in Mahabalipuram has a turnover of Rs 18 crore, at present.

It has announced the launch of an activity centre, an additional facility in the existing beach resort in Mahabalipuram, to attract corporate clients. With an investment of Rs 2.5 crore, excluding the land cost, the new centre would promote outdoor activities like kabaddi, kho-kho, baseball, basket ball, cricket, tennis along with several indoor activities.

The new addition is with a focus on the corporate clients, who could use the facility for enhancing human resource output through team building, said Ravi. The company expects 40 per cent more business from this segment in first year of operation.