Country Club to foray into Dubai
Monday, March 31st, 2008The Rs 250-crore Country Club (India) Ltd, owners of the largest chain of family clubs in India, has chalked out Rs 1,000-crore expansion plan by acquiring more clubs and expanding its foot print in more cities in the next three years. The company will also foray into Dubai, Thailand and Bangkok soon.
Mr Y. Rajeev Reddy, CMD, Country Club said, “We will expand in the western part of country. We are planning to set up premium club ‘Kool’ and will also promote medical tourism by setting up spas in association with Kerala-based Kairali at various locations”.
When asked about overseas foray, Mr Reddy said, “we are eying properties in Dubai, Thailand and Bangkok.” But he refused to reveal details. However, sources said the company was close to acquiring a property in Dubai, which will cost Rs 200 crore. The company, which operates 200 clubs across the country, has opened its first ‘Kool’ club in Ahmedabad. Two more Kool club will come up in Hyderabad and Bangalore by July.