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Praveg Limited Announces Strategic Inventory Arrangement with Mahindra Holidays and Resorts India Limited
Mumbai (Maharashtra) [India], December 23: Praveg Limited (BSE – 531637), is delighted to announce a pivotal three-year partnership with Mahindra Holidays & Resorts India Limited (MHRIL). This agreement underscores a shared vision to enhance hospitality standards and deliver exceptional guest experiences across prime destinations, i.e. Daman, Diu, and Ayodhya. Under the terms of this arrangement, [...]
Mumbai (Maharashtra) [India], December 23: Praveg Limited (BSE – 531637), is delighted to announce a pivotal three-year partnership with Mahindra Holidays & Resorts India Limited (MHRIL). This agreement underscores a shared vision to enhance hospitality standards and deliver exceptional guest experiences across prime destinations, i.e. Daman, Diu, and Ayodhya.
Under the terms of this arrangement, MHRIL will enter an inventory agreement with Praveg Limited to secure a total of 70 rooms (“Inventory Rooms”), comprising 35 fixed and 35 floating rooms, across select properties. This collaboration leverages Praveg’s operational expertise and MHRIL’s reputation for delivering premium holiday experiences.
Operational and Service Standards
Praveg Limited will continue to operate and manage the properties on an ongoing basis, maintaining high standards of service, amenities, and facilities. Details of these standards will be elaborated in the inventory agreement to be executed between the parties. The agreement not only enhances the operational portfolio of both parties but also promises to elevate guest satisfaction through unparalleled experiences at these premium destinations.
