Magic Holidays, a Timeshare product from the Mumbai-based Panoramic Group, plans to open a 15-key resort in Todgarh near Ajmer, Rajasthan. The resort, currently undergoing refurbishment, is expected to be fully operational by June this year. Magic Holidays are into providing affordable holiday options to their customers. It currently owns 21 properties in India and nine abroad. In addition they have a tie-up with Resort Condominium International (RCI).
Speaking to Hospitality Biz, Hitesh Kshatriya, COO, Panoramic Group, said, “The resort opening at Ajmer is part of our expansion plan. Besides that we have plans to acquire 15 properties by 2014. In five years, we are planning to add 100 properties (including abroad) to our portfolio. This include popular destinations among Indian travellers like Bali, Singapore and even Dubai in abroad.”
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