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R. Ravikumar

Chennai, May 9 Within a few days of its first overseas acquisition, a Rs 175-crore hotel property in Dubai, Country Club India Ltd has zeroed in on two more resorts, in Phuket and Bangkok. The company is keen on going global by expanding its footprint across countries. According to Mr Y. Rajeev Reddy, Chairman and Managing Director of the company, talks are almost over and the Rs 35-40-crore deal may be sealed shortly.

“Though the resorts we have identified in Phuket and Bangkok are small ones, they are RCI-affiliated. Moreover, we are keen on getting a foothold there,” said Mr Reddy.

Country Club is also on the look out for properties in Poland, Mauritius, Singapore and Malaysia. In Poland, though the company has identified a castle, the talks with the Government are yet to conclude.

“The Mauritius Government has invited us to invest there. We are planning to acquire land and put up a greenfield project there, in addition to which we may also go through the inorganic route,” he explained.

The stock, listed on the BSE, closed the day at Rs 618.30 on Friday.

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