Kamat Hotels India Ltd -
Company overview -
Current portfolio of hotels -
Orchid Brand ( 960 Keys ) -
Pune, Mumbai, Shimla, Manali, Lonavala, Jamnagar
IRA by Orchid brand ( 340 Keys ) -
Bhubaneshwar, Mumbai, Shambhajinagar, Nashik
Lotus Resorts ( 120 Keys ) -
Goa, Murund, Konark,
Others ( 33 + 58 Keys ) -
Mahodadhi Palace at Puri, Fort Jadavgarh Fort at Pune
Owned Property - The Orchid Mumbai (372 Keys) - near Mumbai Airport
Managed Property - The Orchid Lonavala ( 36 Keys )
All others are leased properties - 11 of them
Properties slated to open in near future -
Orchid Noida - 62 Keys - Mar 24
IRA Ayodhya - 50 Keys - Feb 24
Orchid Toyam (near Pune) - 21 keys - Mar 24
Orchid Dehradun - 68 Keys - Sep 24
Orchid Chandigarh - 123 Keys - Sep 24
Orchid Bhavnagar - 61 Keys - Sep 24
Basically - a total of 460 rooms are expected to go on stream in next 3-9 months. This will take the room capacity from around 1540 to 2000 rooms. This would be a 33 pc Jump !!!
Plan for March 25 -
No of properties @ 25 from 13 currently
No of Keys @ 2200 from 1500 currently
ARRs should be around 7.5k vs 6.5k currently
Revenues @ 400 vs 300 cr currently
Debt @ 175 vs 300 cr currently
Disc: initiated a tracking position @ Rs 320, biased, not SEBI registered, not a buy/sell rec