A luxury resort with five star class facilities that has moved to Wayanad in Kerala is considered the first such venture by a cooperative society in the country.
Kerala Land Reforms and Development Cooperative Society, the brand named Ladder, established with the aim of providing residential complexes at affordable rates, is now venturing into the hospitality sector. Besides the five-star Wayanad resort which made a soft launch on Tuesday, Ladder already has a business class hotel in Thiurvananthapuram and a second one to come in his hometown of Kozhikode, in addition to several housing projects and of a shopping complex.
Sultan Bathery’s Resort and Spa in Wayanad has been named Saptha – denoting the Seven Principles of the Co-operative Movement.
Located about 100 kilometers from Mysore and Ooty, the Rs 100 crore project is expected to be an attraction of the Wayanad – Mysore – Ooty tourist route. It has 64 rooms and luxury amenities like infinity pools, mini theater and congress hall in the lush green nature of Wayanad.
Ladder CN’s founding chairman Vijaykrishnan said it was the first such company in the tourism sector by a cooperative movement. Although Ladder was created to curb exploitation in the real estate and construction sectors, it was now proving the strength of the cooperative movement, said Vijayakrishnan, who has played a key role in many successful cooperative ventures in Kerala. . He is a leader of the Marxist Community Party founded by dissident CPM leader MV Raghavan.
Incidentally, the success story of a cooperative movement in Kerala comes at a time when the cooperative sector in Kerala is under scrutiny after major frauds by cooperative banks and the Center attempting to gain control over the cooperative sector. by forming an independent ministry. The CPM and the left parties had the upper hand in Kerala’s cooperative sector and the state has many institutions like hospitals and colleges in the cooperative sector.