Saboo Sodium Chloro Enters Hospitality Business
2019-01-15 Diversification Hospitality Northern India
Saboo Sodium Chloro Limited informs that the company has added a new business line of the Hospitality industry and has recently built up a 5-star Wellness Resort & Spa called "samskara Resort" at Village-Jaisinghpura, Peepla, Jaipur. The company has signed a LoI for 15 years for leasing the resort to Mahindra Holidays & Resort India Limited (Club Mahindra) on an annual lease of Rs. 2.56 crores which will directly be reflected in the bottom line of the company for the next 15 years and will increase the overall profitability of the company. The lease rent would be escalated after every 3 years period.