Mahindra Holidays & Resorts India Ltd. (MHRIL), on Tuesday, said it had acquired 49 per cent stake in Infinity Hospitalities Group Company Ltd. (IHGCL) for an undisclosed sum following which it has added a new resort in Bangkok.
“The addition (of the resort) has been made by acquiring 49 per cent equity share capital of Infinity Hospitalities Group Company Ltd (IHGCL)...,” MHRIL said in a statement.
The new property called ‘Mac Boutique Suites’ is a 77-room full service resort located centrally in the Bangkok business district, it said.
Commenting on the development, MHRIL Managing Director & CEO Rajiv Sawhney said: “This is the first step towards what we believe will be the next big movement in family holidays.
