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Stay Simple Resorts Plans Expansion

Industry Hospitality

Stay Simple Resorts is planning to enhance its capacity to over 2,000 rooms in the next six months. Currently, it owns, manages and operates about 500 rooms in 16 resorts, across 12 tourist destinations in India. It has recently raised angel funding from marquee investors of Rs.5 crore, which is to be utilized for the expansion.

Extracted from HBL, Dec 31,’15

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