Aligned to its ethos of conserving uniqueness of different cultures, Muthoot Leisure and Hospitality Services (MLHS), the hospitality division of Muthoot Group today announced the acquisition of Costa Rica’s award winning, high-end property ‘Xandari Resort & Spa’. This is the first acquisition by an Indian hospitality company in Central America.
George M George, Executive Director, MLHS, said, “The concept of eco-friendly resorts originated in Costa-Rica and this acquisition is an expression of our belief in promoting environment-friendly projects around the world. Moreover, it is aligned to our vision of offering excellent service and hospitality to our guests, complemented by exquisite exposure to the heritage of that region. I am confident that the uniqueness of this property will appeal to global visitors and will go a long way in strengthening our business here. Having said that, India continues to be our focus market and we will announce our domestic expansion plans very soon”.
Based in Alajuela, Costa Rica, Xandari Resort & Spa a luxurious property becomes the first overseas acquisition by MLHS. The resort was added to MLHS group in December 2013. MLHS has also extended its collaboration with Raxa Collective to manage the property hereon. MLHS plans to spend Rs. 200 crores in next two years.
