# Sterling Holiday Resorts Limited

Sterling Holiday Resorts Limited (known as Sterling), was incorporated in the year 1986 and is a leading hospitality company. Since 2014, Sterling Holiday Resorts Limited has been an integral part of Fairfax Financial Holdings Ltd. and is a 100% independently managed subsidiary of Thomas Cook India Limited (TCIL). .
Thomas Cook India Limited (TCIL) is traded on stock exchange as NSE: THOMASCOOK; BSE: 500413.
Sterling owns and manages 52 resorts, hotels and retreats across 47 destinations and is one of the fastest growing hospitality brands in the country, catering to leisure stays, bleisure (or workcations), Meetings and Conferences (MICE), Destination Weddings, Reunions, Picnics and Group travel.
Sterling Holiday Resorts Limited, signed an agreement in October 2015 to acquire Nature Trails Resorts Private Limited – an adventure holiday company that operates resorts at 4 destinations in Maharashtra and is looking at expanding to more destinations.Holiday Resorts Limited|1
More than 85% of the Sterling resorts are rated above 4.5 on 5 on TripAdvisor with 12 resorts having a perfect 5 on 5 score. The resorts have won several accolades and have been recognized and awarded on several forums. Sterling is accredited by AIRDA (All India Resorts Development Association).Holiday Resorts Limited|2

## History

Sterling was established in 1986 in Chennai, India, and opened its first resort, Lake View Kodaikanal (the resort has been later renamed as Sterling Kodai - Lake) in 1988. Sterling expanded to 9 resorts by the year 1995. In 2010, the company changed its brand name from Sterling Resorts to Sterling Holidays.Holiday Resorts Limited|3
The company currently operates 52 resorts in 47 scenic destinations across the country (as of August 2024) and counting.Holiday Resorts Limited|4

## Resorts

The resorts in the Sterling destination network are spread across India. Sterling has been delivering great holiday experiences for nearly four decades now. Their resort destination network has something to suit every holiday appetite, from majestic hillsides to beachside nirvana to jungle retreats to riverside resorts to spiritual sojourns and heritage locations.

### Notable Resorts

Notable Resorts [5] [edit]
1. Sterling Lake Palace - Alleppy
2. Sterling House Boat - Alleppy
3. Sterling Anaikatti
4. Sterling Athirappilly
5. Sterling Banashree Badami
6. Sterling City Centre Bokaro
7. Sterling Shivalik Chail
8. Sterling Corbett
9. Sterling Darjeeling
10. Sterling Marbella Dehradun
11. Sterling Gangtok – Orange Village
12. Sterling Gir
13. Sterling Goa Varca
14. Sterling Guruvayur
15. Sterling Mantra Haridwar
16. Sterling Park Kalimpong
17. Sterling Kanha
18. Sterling Karwar
19. Sterling Kodai – Lake
20. Sterling Kodai – Valley
21. Sterling Kufri
22. Sterling Lonavala
23. Sterling Stolen Heaven Lonavala
24. Sterling V Grand Madurai
25. Sterling Manali
26. Sterling Mount Abu
27. Sterling Munnar
28. Sterling Mussoorie
29. Sterling Nainital
30. Sterling Ooty – Elk Hill
31. Sterling Ooty – Fern Hill
32. Sterling Palavelli Godavari
33. Sterling Panchgani
34. Sterling Padam Pench
35. Sterling Puri
36. Sterling Pushkar
37. Sterling Palm Bliss Rishikesh
38. Sterling Rewild Sariska
39. Sterling Legacy Shimla
40. De Laila HouseBoats Srinagar
41. Sterling Thekkady
42. Sterling Arunai Anantha Tiruvannamalai
43. Sterling Aravalli Udaipur
44. Sterling Balicha Udaipur
45. Sterling Jaisinghgarh Udaipur
46. Sterling Vythiri Wayanad
47. Sterling Wayanad
48. Sterling Yelagiri
49. Sterling Yercaud
50. Nature Trails Sajan
51. Nature Trails Durshet
52. Nature Trails Kundalika

## Timeline

* 1986 – The company was incorporated as a Private Limited Company on 22 May and converted into a Public Limited Company on 11 Dec 1989. • 1988 – Sterling Holidays inaugurated its resort in Kodaikanal on 15 April 1988. • 2015 – Sterling Holiday Resorts Limited became a 100% independently managed subsidiary of Thomas Cook India Limited (TCIL). • 2015 – On 26 October, Sterling Holidays Forays into Adventure Tourism, Acquires Nature Trails – an adventure holiday company. • 2024 – Launched its 50th resort – Sterling Marbella Dehradun.

## About investors

In 2009, Bay Capital (formerly Indus Hospitality Fund) invested in Sterling Holiday Resorts, Holiday Resorts Limited|7 acquiring an 18.80% stake. Again in 2009, India Discovery Fund acquired a 7% stake in the company. Bay Capital and others (including India Discovery Fund, Damani group and Jhunjhunwala group) held a total stake of 47.42% in Sterling Holiday Resorts through its funds. In July 2011, the company announced an Extraordinary General Meeting on 13 August 2011 to seek shareholder approval to raise Rs. 121.5 crore capital through the issuance of equity shares & warrants on a preferential basis to a consortium of investors led by Rakesh Jhunjhunwala and Radhakrishna Damani.Holiday Resorts Limited|8 On 7 February 2014, Thomas Cook India Ltd. (TCIL) & Sterling Holiday Resorts Limited announced a merger between the companies.Holiday Resorts Limited|9