Country Club Hospitality Plans $100 Million Fundraise for Premium Leisure Properties

Country Club Hospitality and Holidays Ltd (CCHHL) has announced ambitious plans to raise $100.00 million through Global Depository Receipts (GDR) or Foreign Currency Convertible Bonds (FCCB). The funds are earmarked for establishing premium leisure properties across India, signaling a significant expansion move by the hospitality company.

Expansion Strategy

Y Rajeev Reddy, Chairman and Managing Director of CCHHL, revealed that the raised funds will be utilized for setting up clubs and resorts at various locations throughout the country. This strategic initiative aims to strengthen the company's footprint in the premium leisure segment.

Debt-Free Status

In a notable financial achievement, the Hyderabad-headquartered company has become debt-free after repaying Rs 600.00 crore. This debt clearance positions CCHHL favorably for its upcoming expansion plans.

Current Operations

CCHHL currently operates a total of 60 properties:

• 30 properties under direct operation
• 30 properties managed through franchises

Diversification into Real Estate

The company has expanded its business model to include real estate projects in both residential and commercial segments. CCHHL has plans for upcoming projects in key metropolitan cities:

• Mumbai
• Delhi
• Bengaluru
• Hyderabad
• Chennai

This diversification into real estate development showcases CCHHL's strategy to leverage its hospitality expertise in complementary sectors.

The planned $100.00 million fundraise, coupled with its debt-free status and diversification efforts, positions Country Club Hospitality and Holidays Ltd for potential growth in the premium leisure and real estate markets across India.