The Hindu Business Line : Country Club to invest Rs 100 cr in Kerala

Kochi June 26 Country Club India Ltd, one of the fastest growing entertainment and leisure infrastructure companies, has proposed to invest Rs 100 crore in Kerala over a period of three years for developing properties.

At present, the group has two properties in the State - one in Kochi and other in Kovalam - as well as 10 franchisee networks. "We are scouting for more properties in Kerala as the State has a lot of potential in country vacation," Mr Y. Rajeev Reddy, Chairman and Managing Director, Country Club India Ltd, said at a press meet here on Tuesday.

The company, he said, has signed an MoU to acquire Rock Springs, a waterfront resort located on Vypeen Island near Kochi. The Country Club Treasure Cove in Kovalam will be upgraded to 5-star facility so as to project it for a global presence, he said.

There are also plans to get into ayurveda and the company is in the process of affiliating with Kairali Ayurveda in Palakkad for providing treatment facilities for members, he said and added that the treatment facilities would be extended to Hyderabad and Chennai.

Kerala has been a successful model for holidaying, but CCIL has the pleasure and privilege of pioneering the concept of family clubbing here too, Mr Reddy said.

Mr Varun Reddy, Chief Operating Officer, said CCIL India network currently offers 155 destination including franchisee properties, 170 affiliates. Besides a member base of 1,50,000, the company have around 375 corporate members.

CCIL provides state of the art health club, multi cuisine restaurants, business centre, swimming pool and other facilities in all its properties. It is the biggest chain of family clubs recognised by the Limca Bood of World Records.

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