Ranvir’s Portfolio

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