The Hindu Business Line : Country Club buys new property in Bangalore

COUNTRY Club, which shifted its head quarters to Bangalore sometime ago, has acquired Sun Valley, an existing club owned by Vijayanagar Resorts and would be revamping it for a re-launch soon. Sun Valley will carry the tag Country Club Sun Valley to derive the advantage of the brand value of both the establishments.

Announcing the acquisition of Sun Valley, Mr Y. Rajeev Reddy, Chairman, Country Club of India (India) Ltd (CCIL), said his company would be investing about Rs 5 crore to revamp Sun Valley. CCIL spent Rs 1 crore towards the acquisition.

With Bangalore proving to be a vibrant city with penchant for club culture, CCI has focussed its attention on the city where it already has four clubs. It has also set up a club in Mysore and Mangalore.

CCIL's overall turnover was touching Rs 100 crore, Mr Reddy said, adding Bangalore alone contributing 25 per cent of it.

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