Business Update10 May 2024, 01:02 am
Praveg Ltd Announces the Commencement of Praveg Beach Resort Operations at Nagoa Beach, Diu
AI Summary
Praveg Ltd, India's premier eco-responsible luxury resorts company, has announced the opening of Praveg Beach Resort at Nagoa Beach, Diu. With a location along the serene Nagoa Beach, the resort offers 35 premium accommodations, various amenities, and an expected occupancy rate of 40-50% and an Average Room Rate (ARR) of INR 7,000 to 9,000. This development marks a significant expansion in Praveg Limited's presence in the eco-luxury hospitality market, growing their operational portfolio to 12 properties with 14 more projects in development.
Key Highlights
- Praveg Ltd announces the opening of Praveg Beach Resort at Nagoa Beach, Diu.
- The resort features 31 Premium Tents and 4 exquisite dual-bedroom suites.
- Expected average occupancy rate of 40-50% and ARR of INR 7,000 to 9,000 for the new property.
- Praveg Limited's operational portfolio grows to 12 properties, with 14 more projects in development.