Mahindra Group to invest Rs 750 cr on hotels in AP

Mahindra Group to invest Rs 750 cr on hotels in AP

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After Oberoi and Mayfair Hotel groups, Mahindra Group has come forward to invest Rs 750 on construction of three star hotels in Visakhapatnam and two other places in Andhra Pradesh.

CP Gurnani, Chairman of Mahindra Holidays and MD & CEO of Tech Mahindra, called on Chief Minister YS Jagan Mohan Reddy at his camp office at Tadepalli near here on Friday evening. Mahindra Gold and Resorts wing of the Mahindra Group has come forward to construct three star hotels in Visakhapatnam and two other cities at a cost of Rs 250 crore each.

Gurnani said they are preparing to lay the foundation stone in the next two months. The Chief Minister explained about the steps being taken to encourage tourism in the State.

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