Financial Daily from THE HINDU group of publications
Wednesday, May 04, 2005
Financial Daily from THE HINDU group of publications Wednesday, May 04, 2005 |
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Variety
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Resorts & Amusement Parks Country Club acquisition Our Bureau
BANGALORE: Country Club (I) Ltd (CCIL) has acquired its first wildlife property `Bush-Betta' located in the Bandipur wildlife national park near Mysore. The acquisition of the wildlife resort located on a 20-acre expanse, was announced by Mr Y. Rajeev Reddy, Chairman and Managing Director of CCIL. The company has invested Rs 20 crore both for acquisition and renovation of the property. The `Country Club Bush-Betta Resort' currently has 60 cottages. Country Club plans to add another about 100 rooms in the Bush-Betta resort in the next two years. The announcement of the acquisition was made recently Delhi in the presence of the Union Minister of State for Tourism, Ms Renuka Choudhary. To propel its growth in this booming wildlife tourism, Country Club would be investing Rs 100 crore in the next two years. It plans to add six more properties in Ooty, Goa, Khandala, Kodaikanal, Shimla and Kerala. It would soon open its offices in New York, UK, and major cities in northern India to market its timeshare properties.
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