Praveg Limited Announces Strategic Inventory Agreement with Mahindra Holidays and Resorts India Limited for Praveg Atoll, Lakshadweep – Thinnakkara

Dr. Vishnu Patel, Chairman of Praveg Limited, “Lakshadweep is among India’s most exclusive and environmentally sensitive tourism destinations. The inventory agreement with Mahindra Holidays & Resorts India Limited for our upcoming Praveg Atoll – Thinnakkara reflects our commitment to sustainable luxury hospitality. As the property becomes operational shortly, we are confident that this partnership will enhance guest experiences and create long-term value for both organizations.”

Key Features of the Agreement

• Property: Praveg Atoll, Lakshadweep – Thinnakkara

• Inventory: 25 rooms on a floating basis

• Tenure: 3 years

• Nature of Collaboration: Inventory agreement aimed at enhancing occupancy, revenue visibility, and guest experience through a reputed national hospitality brand

Operational and Service Standards

Upon commencement of operations, Praveg Limited will operate and manage the property, ensuring adherence to high standards of service, guest comfort, sustainability, and regulatory compliance applicable to the Lakshadweep archipelago. The detailed commercial and operational terms are governed by the inventory agreement executed between the parties.

Strategic Rationale and Benefits

For Praveg Limited, the agreement strengthens its market positioning through association with a reputed hospitality brand, improves demand visibility for the upcoming property, and reinforces its footprint in premium island hospitality.

For MHRIL, the partnership enables portfolio expansion into Lakshadweep, offering its members access to a distinctive island destination operated by a specialist in eco-responsible luxury hospitality.

About Mahindra Holidays & Resorts India Limited

Mahindra Holidays & Resorts India Limited (MHRIL), a part of the Mahindra Group, is a leading player in the hospitality sector. Established with a vision to redefine family holidays, MHRIL operates under the flagship brand “Club Mahindra,” offering world-class resorts at exotic destinations across India and abroad. With a commitment to creating memorable experiences, MHRIL provides a blend of luxury, comfort, and personalized service, ensuring unparalleled customer satisfaction.

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