Valencia Abu: The Perfect Blend of Location, Luxury, and Amenities.
Delivery of quality family holiday experience.
Exceptional Service.
Strength in RCI Affiliates.
Experience of Our Promoter.
The company has entered in to lease agreement for term of 20 years and upon expiry of the term the lease shall be renewable for such further period as may be mutually agreed between both the parties with a Lock in Period of 5 years with Mahindra Holidays and Resorts India Limited (Club Mahindra). In case the Club Mahindra terminate the lease agreement after Lock in period of 5 years, the income, profitability of the company will be adversely effected.
Its inability to manage the timing of vacation requests of our members and the company affiliates members could lead to member dissatisfaction as well as loss of revenue generation opportunities.
Its inventory of rooms and cottages may be in excess of the vacation ownerships sold by it to the company members and affiliates and this may have an adverse effect on its results of operations. Similarly, the company inventory of rooms and cottages could limit its growth prospects if such inventory is less than the number of vacation ownerships sold by the company.
The Company has entered in to an Agreement with RCI affiliates for a period of 10 years w.e.f October 24, 2017, as per the terms of agreement the RCI affiliates can also book its rooms and to that extent the availability of rooms to the company members will be restricted which create the dissatisfaction to its members and may affect the company reputations, business and profitability adversely. In case its members also not get the booking in RCI affiliates it will spoil its reputation.
With the execution of agreement to Lease with the Mahindra Holidays and Resorts India Limited (Club Mahindra), the company is relaying on club Mahindra for its rent income which is the major portion of the company income.
Its business is seasonal and the company revenue is highly volatile.
The company has stopped enrolling new members for its resorts and affiliates and such discontinuation of new enrollments will lead to a reduction in overall income.
The company has to incur additional expenditure to full fill the terms and conditions of the Agreement executed with the Club Mahindra and to that extent its liquidity will be adversely affected.
Its may be unable to attract, retain and motivate senior management, hospitality and other skilled personnel which could have an adverse impact on its operations.
The company has to update the name of the company in some of the statutory approvals and certificates due to the Chang in the name upon conversion of the Company in to Public Limited Company.