🛎 Praveg is moving extremely swiftly with its expansion plans of opening up 10 new resorts. The company has made some major announcements in the month of July.🔥🔥
I have covered the major announcements in the thread below👇🏽🧵
I have covered the major announcements in the thread below👇🏽🧵
1. New 5 Star Hotel in Ahmedabad
🏩Praveg is coming up with a luxury 5 star resort on the Sindhu Bhawan Road in Ahmedabad. They are getting a property worth ₹130 Cr on a long term lease of 10 years.
🏩Praveg is coming up with a luxury 5 star resort on the Sindhu Bhawan Road in Ahmedabad. They are getting a property worth ₹130 Cr on a long term lease of 10 years.
🏩They will be spending an additional ₹5 Cr for cutlery, service equipment, computers, & other service-related inventory.
🏩The hotel has 76 rooms and facilities like infinity pool, jacuzzis, open sky dining, meditation room and a banquet hall that can accommodate 2400 guests.
🏩The hotel has 76 rooms and facilities like infinity pool, jacuzzis, open sky dining, meditation room and a banquet hall that can accommodate 2400 guests.
🏩It will also be Ahmedabad’s only pure vegetarian 5 star hotel in Ahmedabad.
🏩The management expects to do revenues of ₹35-40 Cr per annum from this hotel.
🏩The management expects to do revenues of ₹35-40 Cr per annum from this hotel.
2. Luxury Resort near UNESCO World Heritage site at Dholavira, Gujarat
🎪The company has has signed a Letter of Intent for a project near the UNESCO World Heritage Site of Dholavira
🎪The company has has signed a Letter of Intent for a project near the UNESCO World Heritage Site of Dholavira
🎪The project is spread across 48,461 sq. meters and will be developed in 2 phases. The first phase will have 30 premium cottages and a restaurant. In the second phase, the company will develop an additional 30 cottages.
🎪The project is located 1.5 kn away from a UNESCO World Heritage site at Dholavira which is one of the five largest Harappan sites and most prominent archaeological site of the Indus Valley Civilization in India
🎪The resort will be operational throughout the year except the rainy season. It is expected to be operational this year.
3. Tent Resorts at Jampore Beach in Daman and Chakratirth Beach in Diu
🎪The company is starting operations in 2 tent cities at Jampore Beach in Daman and Chakratirth Beach in Diu.
🎪The company is starting operations in 2 tent cities at Jampore Beach in Daman and Chakratirth Beach in Diu.
🎪They will have established 35 tents in Daman and 30 tents in Diu. Both the facilities have a high-end resort and a Conference Hall.
🎪Jampore Beach is situated approximately 5 kilometers away from the Moti Daman Jetty, which is a major attraction in Daman for its blackish mud-colored water.
🎪This is in addition to the Praveg Lighthouse Beach Resort at Daman, which commenced operation in May and is already operating at full capacity.
To get the full understanding of Praveg’s business, you can watch the detailed analysis on my YouTube channel:
youtu.be
youtu.be
Loading suggestions...