Page 6 - Indian Hotels

Hotel Leelaventure, TAJGVK, Lemon Tree jump up to 15% on GST rate cut hopes

Hotel Leela and TAJGVK Hotels were up 15 per cent and 11 per cent, respectively, while Royal Orchid Hotels, Oriental Hotels, EIH and Lemon Tree were up in the range of 3 to 5 per cent.

Indian Hotels Company plans 10 more Taj-branded luxury hotels by 2020

IHCL Chief Executive Officer (CEO) Puneet Chhatwal said by 2020, the company would open 10 new luxury

IHCL to step up presence in international markets

Buying such a firm will not only be more viable financially but will also help IHCL give a better toehold in a new market

GIC, Tata Group's Indian Hotels partner to invest $600 million in India

The strategic partnership will extend the Indian company's presence at the top-end of the market.

Indian Hotels stirs up business with premium homestay experience

The 5-star hospitality chain blurs the line between homestays and hotels, draws new investors into the mix

Indian Hotels enters homestay segment with Ama Trails & Stays label

Tata Group-run hospitality major Indian Hotels Company (IHCL), which operates the Taj brand of hotels, Tuesday announced its entry into the homestay market with a new brand Ama Trails & Stays. The largest hotel chain claimed that this is the first branded product in the homestay market in the country. The new brand will have two sub-brands -Ama Plantation Trails and Ama Fine Homestays. The company has signed a management contract for nine heritage bungalows with group firm Tata Coffee in Coorg and Chikmagalur in Karnataka and is adding two of its own bungalows mid-next year under the Ama umbrella. "Today we announce another business. This is a direct derivation of a drive from our group chairman on scaling, synergising and simplifying. Among our group companies we have a lot of guest houses. The first one we started with Ama Plantation Trail today," IHCL managing director and chief executive Puneet Chhatwal told reporters here. Bookings will open from March 1 for ...

Hotel stocks in focus; TajGVK, Royal Orchid, Indian Hotels up over 5%

Indian Hotels Company has rallied 9% to Rs 147 on BSE in intra-day trade, gaining 12% in last six trading days.

Indian Hotels Company narrows losses to Rs 5.21 cr in Q2

The hospitality group signed 15 new hotels this year resulting in a 90 per cent growth in pipeline over last year

Searching for a silver lining

When I dug into the case, I found the company had ticked all the right boxes. Yet the system failed, completely and utterly

IHCL to draw up new Taj Mansingh blueprint, spend Rs 1.5 bn on its makeover

MD and CEO Puneet Chhatwal's business strategy has profit enhancement at its core

Indian Hotels stock: Well-placed to ride the demand opportunity

Operational gains will be driven by domestic business; debt reduction should add to profits

Indian Hotels stock: Lower debt, higher room revenues to aid margin

The luxury segment and the cities the company has a presence in are expected to see higher demand and lower supply

Indian Hotels Q2 loss widens to Rs 60 cr, revenue slumps

The company has consolidated gross debt of Rs 3,658 crore

Utilisation of new funds key for Indian Hotels

Indian Hotels' plan to raise Rs 1,500 crore to fund capital expenditure, growth plans and for debt repayment has not gone down well with investors. The announcement by the company during market hours led to the stock shedding 3 per cent at close on Monday. Is the market reaction justified? Perhaps not!While the company has not spelt out the details of the utilisation of proceeds, analysts expect it to be mix of capex and debt repayment. Analysts say the company could use half of the proceeds to fund the development of its Mumbai-based Sea Rock property while the other half could be used to retire its consolidated net debt which as on June 30, 2017 stood at Rs 3,100 crore.If this is the way things pan out, earnings will be dilutive over the medium term. Says an analyst at a domestic brokerage, "If the entire proceeds are used to repay debt, it will reduce the company's leverage by half and will be positive, but if the company develops its Sea Rock property which is likely, earnings as .

Tata's Indian Hotels to raise up to Rs 1,500 cr via rights issue

This is subject to the relevant regulatory approvals, IHCL said

Image trademark for Taj Mumbai: Smart or senseless?

Indian hotels took the precaution of protecting goodwill of the hotel as a means of good governance

Indian Hotels pares losses, cuts debt under outgoing chief Rakesh Sarna

Asset sales and capital raising help lower debt, improve debt-equity ratio

Indian Hotels Q4 net dips 54.6%

Standalone revenue from operations of the company rose to Rs 707.03 crore

Tata's independent directors to the rescue: Mistry camp banks on Indian Hotels redux

Supporters of former chairman confident independent directors will take the cue from counterparts in hotel chain

Indian Hotels' independent directors express full confidence in Mistry

They praised the steps taken by Mistry in providing strategic direction and leadership to company; September net narrows to Rs 26.7 cr