Hotel Radha Pvt Ltd, a Chennai-based hotel which owns Chariot Beach Resort at Mahabalipuram is planning to come up with 4 luxury resorts in various tourist destinations in Tamil Nadu. These luxury resorts will be an investment of around 65 crores.
The authorities of Radha hotel have finalized a piece of land in Pondicherry which is located close to Madurai, for building luxury resorts with 35 to 40 rooms. R Ravi, the director of Chariot Beach Resort said that "The luxury resorts in Pondicherry would be open for public in a year's time and the other three resorts are expected to open in the coming two years". The company anticipates 50% growth by next year. Their first resort in Mahabalipuram has had a profit of over Rs 18 crores.
Photo source RalphJB