Bharat Hotels Unlisted Shares
A) Overview of the Bharat Hotels
(i) They are one of the leading privately-owned domestic hotel brands in India, according to the CRISIL Report, engaged in the business of operating and managing hotels, palaces, and resorts, with a focus on the luxury segment. As at March 31, 2018, they operated 12 luxury hotels, palaces and resorts under The Lalit brand and two mid-market segment hotels under The Lalit Traveller brand across India‘s key business and leisure travel destinations, offering 2,261 rooms.
(ii) In addition, they hold the exclusive rights to provide management consultancy services in connection with the operation and management of a hotel in London, The Lalit London, which offered 70 rooms as at March 31, 2018.
(iii) The luxury hotels operating across India under The Lalit brand are grouped into the following three categories:
a) City hotels: The LaLiT New Delhi, The LaLiT Mumbai, The LaLiT Ashok Bangalore, The LaLiT Great Eastern Kolkata, The LaLiT Jaipur and The LaLiT Chandigarh.
b) Palaces: The Lalit Laxmi Vilas Palace Udaipur and The LaLiT Grand Palace Srinagar.
c) Resorts: The LaLiT Golf & Spa Resort Goa, The LaLiT Resort & Spa Bekal (Kerala), The LaLiT Mangar and The LaLiT Temple View Khajuraho.
B) Future Plans of Bharat Hotels
i)Going forward, they intend to develop three new hotels under The LaLiT brand in Ahmedabad, Mangalore and Dehradun which will, in aggregate, offer 290 rooms and 115 cottages, when completed.
(ii) They also intend to develop 50 additional rooms at The LaLiT Laxmi Vilas Palace Udaipur.
(iii) They also operate two hotels in the mid-market segment under The LaLiT Traveller brand, which are The LaLiT Traveller Jaipur and The LaLiT Traveller Khajuraho. They intend to develop four new hotels under The LaLiT
Traveller brand in Ahmedabad, Pune, Amritsar and Chitrakoot which will, in the aggregate, offer 308 rooms, when completed.
(iv) Further, in the F&B segment, they operat 45 restaurants, bars and bakery outlets as of March 31, 2018 across our hotels in India. They have developed their own brands, such as 24/7, Baluchi, OKO, The LaLiT Boulangerie, Kitty Su and The LaLiT Food Truck Company.
Bharat Hotels Unlisted Shares Details:
|Total Available Shares:||Not Available|
|Face Value:||₹ 10 Per Equity Share|
|Lot Size:||100 Shares|
|Current Unlisted Share Price:||₹ 180 Per Equity Share|
Promoters And Management:
Financials of Bharat Hotels Unlisted Shares:
|Number of available rooms||2261||2206||2207||2207||2046|
|Number of hotels||14||13||13||13||12|
|Average Occupancy Rate (%)||62||55||51||45||38|
|Average RevPAR (₹)||3974||3494||3200||2973||2813|
|Average TRevPAR (₹)||9143||8256||7679||6949||6461|
|Average expense per room (₹ million)||2.35||2.13||2.01||1.86||1.77|
|Average staff per room ratio||1.69||1.68||1.66||1.57||1.69|
|EBITDA (₹ million)||2242||1954||1777||1227||781|
|EBITDA margin (%)||29.71%||29.42%||28.66%||23.04%||17.78%|
|Year||Debt||NW||Debt/NW||Current Ratio||Debtor Days||CFO||Capex||FCF|