The Kerala based Thomas Hotels and Resorts Group Pvt Ltd (THR), today announced that it is looking for a financial/strategic investor to bring in growth capital. The promoter of the Group Mr.Shaji Thomas commented that "Our group is open to explore discussions with potential investors so as to plough in growth capital. We are also willing to explore other alternate strategies to unlock value and expand the chain aggressively".

The Trivandrum headquartered group which started under the flagship of Thomas Hotel and Resorts is a focused Luxury Boutique Hotels player with operation of niche properties in Kovalam, Poovar Island and Trivandrum in Kerala. The hotel chain has presently a room inventory of 157 rooms and plans to add another 73 rooms and villas in FY 10 itself for which it already acquired the land bank. The group is also planning to expand its presence in Munnar, Cochin, Mararikulam Beach in Kerala within the next two years and plans to take the total room inventory to 450 rooms by FY 12, in addition its has MOU in place for development of Hotels in Sri Lanka and Maldives and wants to position itself as a Leading Luxury Boutique Hotel player with a focus on South Asian market.

The group plans to use the growth capital for expanding its operations at Poovar through a uniquely focused Ayurveda property with 54 rooms and villas as well as 19 exotic Villas and rooms at its existing 5 star property at Kovalam Beach. The group has appointed BMA Capital Advisors, a NCR based boutique I Banking firm to assist and advice on this proposed transaction.