Mahindra Holidays and Resorts to operate Hotel Praveg Atoll, Lakshadweep – Thinnakkara for three years

Praveg Limited is pleased to announce the execution of a strategic inventory agreement with Mahindra Holidays & Resorts India Limited (MHRIL) for its upcoming premium island hospitality project, Praveg Atoll, Lakshadweep – Thinnakkara, which is expected to be operational shortly.

Project Overview
- Property: Praveg Atoll, Lakshadweep – Thinnakkara
- Nature: Premium eco-responsible island hospitality project
- Status: Expected to be operational shortly

Agreement Details
- Parties: Praveg Limited & Mahindra Holidays & Resorts India Limited (Club Mahindra brand)
- Inventory: 25 rooms on a floating basis
- Tenure: 3 years
- Objective: Enhance occupancy, revenue visibility, and guest experience through collaboration with a reputed national hospitality brand

Strategic Rationale
For Praveg Limited:
- Strengthens market positioning via association with MHRIL
- Improves demand visibility for the new property
- Reinforces footprint in premium island hospitality

For MHRIL:
- Expands portfolio into Lakshadweep
- Offers members access to a distinctive, eco-responsible island destination

Operational Standards
- Praveg will operate and manage the property, ensuring:
- High service standards
- Guest comfort
- Sustainability practices
- Compliance with Lakshadweep’s regulatory framework

Leadership Statement
- 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 reflects our commitment to sustainable luxury hospitality.”

✅ In essence: This partnership blends Praveg’s eco-luxury expertise with MHRIL’s strong brand presence, aiming to deliver curated island experiences while ensuring sustainable growth in one of India’s most pristine destinations.