Mahindra Holidays Signs New Resort in Dapoli, Maharashtra
Filing Summary
Mahindra Holidays & Resorts India Ltd (MHRIL) has signed a new resort in Dapoli, Maharashtra, adding 110 keys to its portfolio. The resort, located near Murud Beach, spans 13 acres and will be launched in phases. The first phase, comprising 52 keys, is set for Q1 FY27, with the remaining keys opening in Q2 FY27. This development is part of MHRIL’s strategy to expand its presence along India’s western coast and achieve its goal of 12,000 keys by FY30. The resort will feature various amenities, including dining options, a swimming pool, and a fitness center.
Mahindra Holidays & Resorts India Ltd (MHRIL) has announced the signing of a new resort in Dapoli, Maharashtra, near Murud Beach. The resort will add 110 keys to the company’s portfolio and is part of its strategy to expand along Maharashtra’s coastline. The property spans 13 acres and will be launched in phases, catering to families seeking immersive stays with various amenities.
The financial terms of the agreement have not been disclosed in the filing. However, the development aligns with MHRIL’s roadmap for FY26-FY30, which targets an overall portfolio of 12,000 keys. The company aims to achieve this through new signings, greenfield developments, and management contracts across high-demand tourist corridors.
The upcoming Club Mahindra Dapoli Resort will feature a range of amenities, including a sea-facing all-day dining restaurant, an open-air café, a swimming pool, a spa, and a fully equipped fitness center. Additionally, a dedicated Happy Hub will be available for children’s recreation. The property will also include a 500-pax indoor banquet hall and an expansive outdoor lawn accommodating 800-1,000 guests, making it suitable for destination celebrations and large-format gatherings.
This development is part of MHRIL’s broader strategy to strengthen its presence in high-growth coastal markets with strong drive-to demand. The Dapoli resort marks the first of several planned developments along India’s western coast. The first phase of the resort, comprising 52 keys, is scheduled for launch in Q1 FY27, with the remaining inventory opening in Q2 FY27.
About Mahindra Holidays & Resorts India Ltd: Mahindra Holidays & Resorts India Ltd, part of the diversified Mahindra Group, is a leading leisure hospitality company in India. Established in 1996, the company pioneered the vacation ownership model in India and focuses on providing thoughtfully designed resorts and curated experiences. MHRIL aims to become the largest leisure hospitality player, powered by a premium, multi-format holiday platform, including its flagship brand, Club Mahindra.