Largest entertainment and leisure Infrastructure Company with a sequence of family clubs, Country Club India (CCIL), has announced the attainment of an existing boutique luxury property in the Emirate of Dubai for 165 million AED (Rs. 175 crore).
Y. Rajeev Reddy, Chairman and Managing Director, CCIL told that the acquisition was in line with the company’s mission of catering to the large diaspora of Indian population in the UAE. Because of the strategic location of Dubai and its status as an international financial hub, CCIL had decided to make Dubai as its international headquarters.
The property, which had 100 rooms with amenities such as health club, beauty parlour, swimming pool and business centre, was a profit making entity and would contribute significantly to CCIL’s profits in the current year, Mr. Reddy said. It had employees from 16 nationalities and would act as CCIL’s gateway to the Middle East and Europe.
Mr. Reddy said CCIL was also planning to launch its Middle Eastern medical tourism foray — Country spa which offered naturopathy and ayurvedic services by utilising the Dubai property as a strong platform for global expansion.
The company’s expansion plans in India included a revolutionary concept for intra city penetration. Named CK 27 (Country Klub 2007) it was a satellite club model crafted with a view of urban ground realities to meet the growing lifestyle needs.
CCIL had already inaugurated this model in Surat. The plan was to have 50 CK 27 models in two years time, Mr. Reddy said.
