PVP Ventures sells Tamil Nadu hotel to Mahindra Holiday

Newswire

MUMBAI, Aug 27 (Reuters) - PVP Ventures Ltd said on Wednesday its has sold its hotel in Ooty, Tamil Nadu, to Mahindra Holiday & Resorts India Ltd, a group company of Mahindra & Mahindra . The firm said it was mainly focusing on urban infrastructure including real estate and energy. Hotel and resort business did not fit in the core business model, PVP Ventures said. It has sold all assets of its Ooty hotel including the land, movable and immovable properties and rights, licenses, ...

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