Muthoot Leisure and Hospitality Services (MLHS), an arm of Muthoot Group, today said it has acquired Xandari Resort & Spa Costa Rica.Based in Alajuela, Costa Rica, Xandari Resort & Spa a luxurious property becomes the first overseas acquisition by the company, MLHS said in a statement, without disclosing the deal size.
MLHS has also extended collaboration with Raxa Collective to manage the property hereon, it said, adding that it plans to spend 200 crore on expansion .
The Muthoot Group is an 126-year-old business house based in India. It has interests in Financial Services, Information Technology, Media, Healthcare, Education, Power Generation, Infrastructure, Plantations, Precious Metal, Tourism, and Hospitality. The Muthoot Group operates in 23 states in India, and has presence in USA, UK and UAE. It is wholly owned and managed by the Muthoot Family.