Aamod Resorts to open 13 new properties by 2020-end
As part of its expansion plans, boutique resorts chain Aamod Resorts is looking to add 13 properties by the end of 2020 across the country. The company had started operations in 2010 and currently has 12 properties in India.
“We plan to open 13 more boutique properties by the end of 2020. They will be a mix of the company owned properties and those under management contract”, Aamod Resorts Managing Director Gaurav Jain told.
The new properties will be mainly in central India and south India as the company already has a strong presence in north India. Outside India, “we are focusing on Sri Lanka as we are already present there and it has huge potential as the market is under-serviced at present. The country also has a good infrastructure”, Jain said.
The company follows an asset light model as it helps in scaling up the operations, he added. “We are planning for a fund raise by the second half of next year for developing the company owned properties”, Jain said, without disclosing the amount they are planning to raise.