Mahindra Group company Mahindra Holidays & Resorts India Ltd (MHRIL) today said it has picked up 49 per cent stake in Arabian Dreams Hotel Apartments LLC, a company that operates a hotel property in Dubai, for an undisclosed sum.
"MHRIL has subscribed to 49 per cent of the share capital of Arabian Dreams Hotel Apartments LLC,
which operates the Arabian Dreams Hotel Apartments," the company said in a statement.
With this, MHRIL has now access to the entire 75 rooms at the 'Arabian Dreams Hotel Apartments' located centrally in Dubai, for use by its members as well as guests, it added.
This is the second addition the company has made in an international destination after Bangkok in November 2012, MHRIL said in a statement.