Phoenix Township Ltd has taken big leaps in its business activities with three big announcements today:
1) MOU with Marriott: The firm has sanctioned a Memorandum of Understanding (MOU) with Marriott International for developing a new hotel in Kerala. The tie-up will strengthen the hospitality services of Phoenix Township and increase its penetration in the region.
2) Acquisition of Stake in Palolem Resorts: Phoenix Township will acquire a 97.96% stake in Palolem Resorts LLP, further strengthening its investment in the hospitality sector and increasing its portfolio of properties.
3) Green First Estate Financing Boost: The company is to be funded with another 500 million rupees by Green First Estate, which will be utilized in funding its current projects and strategic initiatives.
These developments bear testimony to the dedication of Phoenix Township to development and innovation in the hospitality sector, leading to a bright future.
Source: Reuters