Kamat Hotels
Printed From: The Equity Desk
Category: Investment Ideas - Creating winning portfolios!
Forum Name: Stock Synopsis
Forum Discription: A bried discussion of companies on very specific matters. Normally this is the prelude for further research as always members would be discussing quality companies with good management only
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=793
Printed Date: 25/Apr/2024 at 5:44pm
Topic: Kamat Hotels
Posted By: Mr. V
Subject: Kamat Hotels
Date Posted: 02/Mar/2007 at 9:41pm
|
Valuations look very attractive. PE < 15 and there is going to be a definite jump in earnings because the expansions in the existing properties are near completion.
Their long term strategy also looks very interesting. Apart from focusing on the premium and luxury segment, they are also looking at the budget & business segments. Moreover, they are targeting tier 2 and tier 3 cities, which I believe will see a lot of action over the next 5-6 years. Another advantage in tier 2/3 cities is that the real estate prices are low means they will have to take on less debt and operating margins are better.
|
Replies:
Posted By: basant
Date Posted: 02/Mar/2007 at 9:46pm
|
I think it is doing well in the Hyderabad region. A person who studies markets quite well was bullish on this one. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: Mr. V
Date Posted: 02/Mar/2007 at 11:46pm
|
Are you sure about Hyderabad ?
From their website, this is the list of properties owned by them
http://khil.com/our_properties.htm - http://khil.com/our_properties.htm
Current properties
The Orchid -An Ecotel Hotel, Mumbai
Rodas -An Ecotel Hotel, Mumbai Lotus Suites - Mumbai Lotus Suites - Goa Uppal's Orchid An Ecotel Hotel, New Delhi Kamats Silvassa Resort - Silvassa Hotel Siddharth - Nasik Kamats Murud Beach Resort Future Plans (Some of them are partly completed)
Expansion Of "The Orchid", 5 Star ,Mumbai ( 130 new rooms making the total capacity 375 rooms. Phase 1 is completed and Phase 2 will be completed this quarter. This probably is the reason for the bump in earnings in the last quarter)
Orchid Heritage Jadhav Gadhi, At Pune The Orchid, 5 star, Raipur Chatissgarh Orchid Resort 5 Star Khawne In Sindhudurg District ,Maharashtra (2008) Lotus Suites Four Star At Nagpur (2007) Lotus Suites, 4 star, Amboli ,Sindhudurg District, Maharashtra otus Suites Four Star At Nagpur Lotus Suites At Aronde , Sindhudurg District Maharashtra Lotus Suites At Baddi , Himachal Pradesh (Located in the Pharma SEZ, Complete Tax holiday as well) The Lotus Suites 4 Star , Raipur Chatissgarh 50 Kamfotels over the next 10 years Couple of weeks back there was a press release about Kamat Hotel taking over the management of Vedanta Hotels in Aurangabad.
They seem to have quite a few hotels lined up for Sindhudurg District, I personally have no clue about this place. Does this district really have such a big potential ?
|
Posted By: nikhil090
Date Posted: 02/Mar/2007 at 9:20am
| They are there in hyderabad - a mid class property - not the best in class in its category but still doing ok due to hyderabad boom. |
Posted By: kulman
Date Posted: 02/Mar/2007 at 9:54am
|
They seem to have quite a few hotels lined up for Sindhudurg District, I personally have no clue about this place. Does this district really have such a big potential ?
--------------------------------------------------------
Having travelled extensively in that region, I can say that Tourism is booming like never before in Konkan (coastal Maharashtra). And Sindhudurg has couple of the best sea beaches. Govt is about to complete Coastal Highway project which is helping tourists a lot.
Disclosure: I love sea beaches & visit Konkan/Goa at least once a year.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: Mohan
Date Posted: 03/Mar/2007 at 10:08pm
do you know the route of the coastal highway project ?
------------- Be fearful when others are greedy and be greedy when others are fearful. |
Posted By: kulman
Date Posted: 04/Mar/2007 at 12:31pm
|
Coastal Highway is being built from Revas (Alibaug) to Reddy along the Konkan sealine.
You may find more details by Googling.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: Mohan
Date Posted: 04/Mar/2007 at 1:42am
|
Thats very interesting. there will be a lot of growth taking place along its route ------------- Be fearful when others are greedy and be greedy when others are fearful. |
Posted By: Mr. V
Date Posted: 04/Mar/2007 at 2:24am
|
Thanks everyone for the information on Sindhudurg.
So, it looks like the future potential is very bright. |
Posted By: kulman
Date Posted: 27/Oct/2007 at 9:24am
|
Mr. V
Are you tracking this one still?
Disclaimer: Don't own the stock. After Gujarati Thali, Udupi Vegetarian food is my favourite.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: Vivek Sukhani
Date Posted: 28/Oct/2007 at 12:26pm
| Does this Hotel chain have a first mover advantage in that sindhudurg region? In that case, it makes it a great buy , both on the basis of financials as well as business wise. Although I am totally incompetent to talk on business model but wrt hotels, we all understand its business maintainability thats more crucial than financials. thats why an Advani hotels is trading at such levels and a leela is trading at such levels. The valuation gap is a bit too much to simply make a call on the basis of financials |
Posted By: Mr. V
Date Posted: 28/Oct/2007 at 6:34am
|
Kulman,
I do own this stock. This quarter's results are good but the big gain in YoY profits was expected because a large section of its flagship property, the Orchid Hotel, was being refurbished last year. I don't like the hotel industry much because of its Capex requirements ,cyclical nature and sky rocketing real estate prices having a negative impact on ROE but KHIL looks very compelling from a current valuation and future plans perspective. I will put down the reasoning behind my investment decision in my next post. |
Posted By: Mr. V
Date Posted: 28/Oct/2007 at 9:40am
|
The first thing that any prospective investor should be aware of is that Kamat Hotel derives 95% of its current revenues from its 2 properties in Mumbai, The Orchid Hotel (245 rooms) near the domestic airport and Lotus Suites(190 rooms) in Andheri near the Sahar International Airport. This exposes KHIL to a huge event risk but I feel the current valuations (Market Capt 250 crores) limits the downside risk.
Future Plans 1. KHIL plans to double its room capacity from 450+ to 1000+ by FY10. This would involve adding 100 rooms in The Orchid hotel(ARR Rs 8200 and Occupancy rate of 88%) and new properties in Nagpur, Raipur and Baddi. The company is clearly concentrating on emerging business hubs in Tier II and III cities and trying to establish its Lotus Suites, Orchid and VITS brand through both greenfield and brownfield projects. It must be noted that none of these cities have an existing big player like Taj, Oberoi etc. 2. KHIL also intends to manage 1000+ rooms by Fy10. It involves no Capex expenditure and the company usually charges 2-3% of revenues and 6-8% of EBITDA as fees which I believe goes straight to the bottom line. 3. Apart from the business segment, KHIL also intends to own/manage various 4-5 star heritage/tourist properties in Sindhudurg, Pune and Katra(Vaishnodevi). The Jadhav Gadhi fort in Pune is expected to start operations in Nov. It has a 42 room capacity and average room rents are supposed to be Rs 15,000. Kulman,I believe you have been booked their for a couple of weeks, your good friend PKB dada is picking up the tab. Please, let me know about your experience and your take on its prospects. Valuations 1. KHIL current market cap of 250 cr factors in its Mumbai properties (435 rooms) at a replacement cost of 57 lakhs per room which I feel is quite low given that its properties are at prime locations and green field projects have an establishment cost of 1 cr per room in Mumbai. 2. KHIL should be able to do revenues of about 210 cr by FY10 and net profit of 42 cr post expansion. I would add another 8 crores to the bottom line via the management fees for 1000+ rooms. 3. I don't have much idea about how the Restaurant business is progressing but according to the management KHIL intends to have 50 restaurants by FY10. My rough calculation on the conservative side would be 10 lakhs per restaurant to the bottomline. Overall, KHIL has a decent probability of doing a net profit of Rs 60 cr on an expanded equity base of 17.3 cr which would mean an EPS of about Rs 34-35. If it were to trade at a PE ~ 20, the market price would be about Rs 700 and that would be ~ 4x from current levels. Additional triggers: Kamfotel chain with HPCL and the stake in Concept Hospitality which is a group company and manages quite a few hotels in India, South Africa & Ulan Bator!!! Conclusion Heads I make ~ 4x, tails I hardly lose anything (maybe opportunity cost). |
Posted By: Vivek Sukhani
Date Posted: 28/Oct/2007 at 10:13am
| Good Analysis. P/E of 20 is also justifiable. However, pi of 60 crores is something where my stress will be. If it earns such truck loads then it will be the tier-1 by financials. |
Posted By: kulman
Date Posted: 29/Oct/2007 at 6:54pm
|
Heads I make ~ 4x, tails I hardly lose anything ---------------------------------------------- Interesting. Good thesis. Soon I would be traveling on vacation & will make sure, wherever possible to have breakfast meals at Vithal Kamat's. ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: shivkumar
Date Posted: 29/Oct/2007 at 11:15pm
|
The Aronde and Amboli areas of Sindhudurg have some of the most beautiful beaches in Western India. There is a proposal to build an airport here. Maharashtra's revenue minister Narayan Rane has been cultivating this place ever since he was chief minister ten years ago. He wants Sindhudurg to be a tourism zone. Now that he is becoming more powerful in the vilasrao deshmukh government, Rane is aggressively pitching for an airport here. The airport proposal is giving sleepless nights to the politicians in Goa because charter operators fed up with Dabolim airport would easily switch over. Some politicians in Goa want to pre-empt this by having a new airport of their own at Mopa which borders Sindhudurg and Goa. Either way Sindhudurg will be a booming tourism destination in the coming years. Just to let you know that the major hotel owners like Taj, Oberoi and the Timblos who own Cidade de Goa have purchased huge tracts of land here in the 1990s. So in a way, Kamat Hotels has a first mover advantage. It however remains to be seen how they monetize the properties though. |
Posted By: kulman
Date Posted: 30/Oct/2007 at 6:31pm
|
Yes you are absolutely right. Add to that some new Power Plants planned in nearby Ratnagiri District.
The Konkan coastline is buzzing with activities.
Whether & how Kamats are able to capture that growth potential in the bottomline remains to be seen. ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: Mr. V
Date Posted: 02/Nov/2007 at 1:49am
|
Notes from the Analyst Conference call (available on IndiaEarnings) KHIL’s Mumbai properties, Orchid & Lotus Suites will continue to be the major drivers in the short term (6-8 months). The Occupancy rates in both the properties have come down but ARRs have gone up significantly. The OR for Orchid is 77%, down from 88% in the corresponding quarter but ARR is up by 25% to 8,600. Similarly, the OR for Lotus Suites is 70%, down from 77% but ARR has improved from 3,500 to 7,500. The company expects higher ARRs in Q3 & Q4(season) and the Orchid hotel is already tarriffs of Rs 12,000 in Oct. The heritage property in Jadhav Gadhi Fort (Pune) will be launched on Nov 20th and will be the first of its kind in Expansion plans The company operates on 3 models. Own, Lease & Manage. Apart from the Mumbai properties, the company is focussing only on Tier II/III cities because of less competition & capex requirements and higher returns. KHIL plans to add 100 more rooms in a phased manner to the Orchid hotel in Mumbai by FY10. The per room capex requirement will be much less because it will not incur any overhead costs (lobby, kitchen etc). It has a 33% stake + management fees in 2 properties (200 + 200) coming up in Pune by Aug 08. The other stakeholders are Unity Infra and It is also setting up an Orchid and VITS(4 star business hotel) close to the Other VITS properties will be coming up in Raipur & Baddi over the next 3-4 years. The company has acquired a 60% stake in a group company, Concept Hospitality. It currently manages 400 rooms in various hotels like Rados in Powai, Uppal’s Orchid in The management fees are typically about 4-8% of the revenues. KHIL currently manages 1000 rooms (including Concept) in various hotels and it will go up to 1500 rooms over the next 3-4 years. Some of the management properties that are going to become operational in the near future are Vaishnodevi (200 rooms by Nov end), Restaurant business Currently it is in a very nascent stage with about 20 odd VKSS restaurants operational. The company believes that the Food Retail story has a huge upside and expects it to be very lucrative in the long run. It plans to open 100 VKSS restaurants over the next 3 years. It is primarily concentrating on the highways in western Funding plans KHIL had raised 80 cr in Feb through a FCCB issue. It has about 115 cr of debt on its books. The CAPEX requirements for the time being will be met through internal accruals, debt and the cash from the FCCB issue. The management stake in KHIL is about 75%. |
Posted By: kulman
Date Posted: 18/Nov/2007 at 11:25pm
|
First hand feedback from my recent visits to couple of their resorts/restaurants is very encouraging.
While one needs to keep in mind the cyclical/seasonal nature of this business model, KHIL looks to be interesting. "Vithal Kamat" is being strategically promoted as a brand.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: Mr. V
Date Posted: 19/Nov/2007 at 10:12pm
|
Thanks for the feedback Kulman.
What do you think about the quality of food, prices and overall ambience from a cleanliness and hygienic point of view ?
Were these restaurants doing brisk business ?
The company plans to open 100 such restaurants over the next 3 years, incurring an expenditure of 75 crores.
|
Posted By: us121
Date Posted: 19/Nov/2007 at 10:23pm
|
i have stayed in Orchid number of times and in lotus once or twice. orchid is excellent in all the aspects. location is prime, obviously being next to airport. Lotu is reasonably ok. ------------- ABILITY will get u at d top. CHARACTER will retain u at d top |
Posted By: kulman
Date Posted: 19/Nov/2007 at 10:27pm
|
Diwali vacation period is one of the peak tourism seasons hence the outlets were crowded. The food is reasonably priced considering acceptable cleanliness/hygiene standards. Another noticeable strategy of KHIL seems to be taking over Mgmt Contract from local Govt Tourism Dept at excellent locations.
In general, as said earlier, Indians are touring around like never before. There are traffic jams even at Toll Plazas!!
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: basant
Date Posted: 19/Nov/2007 at 7:16am
|
So it was like Peter Lynch staying at La Quintas! Did you pull the curtains and get your toe into the shallow end of the pool? ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: hkumar
Date Posted: 20/Nov/2007 at 4:56pm
I do second.....I have found the Orchid Mumbai & Delhi very good and food is just excellent (esp their lunch buffet)
|
Posted By: valueman
Date Posted: 20/Nov/2007 at 5:27pm
|
Mr.V Thanks for your sharing .Kamat Hotels is on my investment Radar and I am happy that you have shared a lot in helping me get a better view of Kamat Hotels . |
Posted By: Mr. V
Date Posted: 20/Nov/2007 at 8:23pm
|
Its my pleasure. |
Posted By: deveshkayal
Date Posted: 20/Nov/2007 at 8:54pm
So, competition for Umaid Bhavan finally ! Pune normally has a good climate when compared to Rajasthan but the feel you get in Rajasthan is just awesome.
Rel Cap bought 6% stake in Oriental Hotels. Any idea on this company ?? ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: Mr. V
Date Posted: 20/Nov/2007 at 9:09pm
| Oriental hotels is part of the Taj group. http://www.orienthot.co.in/ - http://www.orienthot.co.in/ |
Posted By: kulman
Date Posted: 25/Nov/2007 at 4:39pm
|
Hospitality group Kamat Hotels (KHIL) is working on a strategic plan to set up 50 hotel properties in five-star, four-star and fort segments by 2012 at an estimated investment of Rs 500 crore, a top company official said. Kamat_Hotels_to_set_up_50_luxury_properties_by_FY12
/articleshow/2569081.cms
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: Mr. V
Date Posted: 09/Dec/2007 at 8:20am
hmm... Looks like KHIL had a big run up over the last couple of days but delivery percentages are on the lower side: 25%. Maybe punters are betting on some possible positive announcement from the company(KHIL). Personally, I try not to get too excited about price movements and prefer to keep myself insulated from them. I would rather concentrate on the business plans of the company but I must admit that the fact that the market has started noticing all three of my investments in Feb/Mar 2007 (Aegis, Shriram & Kamat) does put a smile on my face 
|
Posted By: Mr. V
Date Posted: 18/Dec/2007 at 9:29pm
|
Both Orchid and Lotus Suites have been showing strong ARRs in the 2nd half of the year (that's what the online reservation site tells me).
ARRs for Orchid could be Rs 12k and Occupancy rate can be 84%
The same numbers for Lotus Suites can be 8k and 76%.
This would mean KHIL will post revenues of 92 cr in H2FY08.
NP margins = 25%
NP (FY08) = 34 cr
Fully Diluted EPS = Rs 20
ps: ARRs for both the hotels are on the conservative side and I haven't included any revenues from the other properties owned/managed by KHIL.
|
Posted By: Mr. V
Date Posted: 13/Feb/2008 at 1:39am
|
Q3 results were good.
YoY Revenues were up by 26% and Net Profit by 50% Average room rents for both Orchid and VITS in mumbai were up by 15-20%. Operating margins remain strong and the company should be able to do a net profit of Rs 35 crore in FY08 and that would translate to a fully diluted EPS of Rs 20. The CMP of 190-200 is looking very attractive. |
Posted By: kulman
Date Posted: 13/Feb/2008 at 7:13am
|
Few days ago I had snacks (Aaloo Vada, Sabudana Khichdi & Tea) at one of their new restaurant off NH4 highway just outside Pune. It's within HP petrol pump premises. They've already opened couple of such outlets in tie up with HP. Overall a very satsfying experience. Burrrrp....
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: Mr. V
Date Posted: 14/Mar/2008 at 12:10pm
|
- News report on tie up with HPCL
Hospitality group Kamat Hotels (India) Ltd has tied up with Hindustan Petroleum Corporation Ltd (HPCL) for retail space at the latter’s petrol pumps spanning across highways and cities for its new restaurant chain called Vithal Kamat vegetarian restaurant. “We have formed a joint venture with them. They will give us retail space at their petrol pumps,” said Vithal Kamat, current executive chairman and managing director, Kamat Hotels (India) Ltd. Kamat group has already opened 22 such outlets at HPCL pumps and plans to open another 40 with HPCL. “In total, we plan to have 100 Vithal Kamat restaurants,” he added. The group is also looking at taking its restaurant chain to malls. “We have been approached by people for tie-ups,” he said, adding that the group will look at all models including lease, franchisee, rent and management. Kamat said that the group would also look at tying up with 1,000 square feet restaurants with location and footfall as the main parameters. VITS, the recently launched luxury business hotels chain by the group, will home Vithal Kamat restaurant. “All VITS will have the Vithal Kamat restaurant,” he said. Kamat group is also looking at acquiring hotels. Asked if the group has identified any, Kamat said, “We don’t acquire anything and everything. We have been approached by at least 40 hoteliers.” He added that these hotels will be 80-120 rooms four-star luxury hotels and ones that fit in our existing portfolio. |
Posted By: equity analyst
Date Posted: 14/Mar/2008 at 12:02pm
|
Ashish chaug has recommended kamat in his hidden gems.
------------- "Markets are the places where two types of people meet up in the morning: those with experience and those with money. Towards the end of the day, they exchange their assets and go home." |
Posted By: WarrenJr
Date Posted: 14/Mar/2008 at 1:48am
| You may be onto something here, today CITIgroup bought 2.48 lakhs shares of Kamat at 178 |
Posted By: Mr. V
Date Posted: 15/Mar/2008 at 4:56pm
|
Don't know whether I am onto something or not but I won't pay too much heed to an insolvent bank selling its stake to another bank that's probably teetering on the verge of insolvency.
Who knows, maybe 2 months down the line CITI would be making a desperate sell to LEH. |
Posted By: Mohan
Date Posted: 15/Mar/2008 at 6:30am
|
Kamat Hotels management is capable. It should grow well with the industry. ------------- Be fearful when others are greedy and be greedy when others are fearful. |
Posted By: stocktin
Date Posted: 08/Apr/2008 at 9:40pm
|
I think there are two Kamat chains:
(a) Kamat Lingayat who have a few hotels in Hyderabad, but these are mainly budget hotels for stay - I once stayed there when I could not get a room close to the airport. The owner belongs to a small village in South Kanara Dist. near Shirali. The hotel was clean and a good budget, but I do not see it going places. they have since added more, but I do not have details. (b) Vithal Kamat is in our typical Udipi products and has a chain of restaurants dotted along Karnataka and now mahrashtra - which Kulam refers to and gives details. PS: One friend jocularly calls it: "KHA MAT" But they are good. ------------- taggy |
Posted By: shivkumar
Date Posted: 08/Apr/2008 at 10:12pm
|
Kamats are Saraswat Brahmins from the Konkan region who trace their origins to Goa before they were dispersed by the Portuguese. Most of them migrated to Karnataka or rather Udupi via Karwar then a Portuguese possession. For some reason, the Kamats who migrated embraced vegetarianism probably because they had to serve the rich Brahmins though the Saraswats of Goa are neither vegetarians nor do they consider it worth their dignity to run restaurants. So the first Udupi restaurants that moved out of Udupi were in Mumbai and Vithal Kamat's father was one of the pioneers. Legend has it that the elder Kamat worked as a waiter at the Udupi restaurant in Matunga in Central Mumbai before he set up the first Udupi restaurant opposite Churchgate railway station with his wife's jewellery as capital. The old man then got pally with Ramnath Goenka who was building the Express building outside Churchgate. The hugely successful successful Satkar still exists but is run by other branches of Vithal Kamat's family. So those who are aware of Vithal Kamat's restaurants know the man is deeply committed to his business. Of course, he knows how to milk every ounce of publicity possible while he schmoozes with the politicos of Maharashtra. But then the guy is building a deep moat around his business! |
Posted By: stocktin
Date Posted: 08/Apr/2008 at 1:18am
Sir, I am from the Saraswat Brahmin community and would like to add: (a) The Saraswat community is all along the coastline from the Southern tip of Gujerat to the Northern tip of Kerala. There are 3 to 6 distinct sects of Saraswat brahmins and only some show an inclination to do business and in particular restaurant business e.g. Pais and Kamats (b) Konkani as such is a dialect and not a language as it is influenced by geographical region and so are the food habits of all Konkani speaking people. Thus people from Maharashtra speak Malwani, the Konkani from Goa is distinct from that in nothern and southern Canara districts in Karnataka also differs. The food menus are very distinct. My grandmother came from Kasargod in Kerala of today! (c) All Saraswat Brahmins are originally vegetarian though some may have adopted to local food like fish, perhaps during difficlult times. (d) But I have nothing to add regarding Vithal Kamat or the other Kamat I spoke about. Disclaimer: Anything I have said about veg habits should not influence members decision to buy Kamat's shares! 
Does anyone have data on how many units they have opened so far in the past few years and their plans? ------------- taggy |
Posted By: stocktin
Date Posted: 08/Apr/2008 at 1:56am
|
Just visted these links:
http://www.thehindubusinessline.com/2006/06/07/stories/2006061702800500.htm http://www.khil.com/future-plan.htm Project Profile Of Kamat Hotels (India) Ltd Expansion Of "The Orchid", 5 Star ,Mumbai The company has acquired a plot adjoining the Orchid and has signed an MOU with the Plaza hotels to build 130 more rooms. The total room inventory of the combined property will increase to 375 rooms, which will make The Orchid one of the biggest hotels of the city in terms of rooms. Orchid Heritage Jadhav Gadhi, At Pune With the Orchid Heritage, the company is entering into the business of developing premium, luxury hotel resorts. The palace hotel, which will be functional by the end of the year, will have 45 rooms. Besides, another attraction will be 20 luxury tents. The total property is spread in 17 acres with the actual palace admeasuring about 2 acres. With mountains and lakes surrounding the palace and a historical background to top it all, the palace will be a huge draw for foreign travelers. The Orchid, 5 star, Raipur Chatissgarh Another 5 star property to be developed by the KHIL under the Orchid brand would be in the mineral rich state of Chatissgarh at Raipur. This would be the first green hotel in the state. A 120 room hotel including suites and deluxe rooms has been planned. Orchid Resort 5 Star Khawne In Sindhudurg District ,Maharashtra . The uniqueness of the resort will be a private beach on one side and a backwater lagoon on the other. This picturesque site is located at Khavne, just one hour from Dabolim Airport. This will be a resort 5 Star hotel catering to those who are looking for a premium experience in secluded privacy few places near Goa can offer. This property would be ready by 2008. Lotus Suites Four Star At Nagpur A hundred room four star hotel under the Lotus Suites brand will be developed by the company. Situated at 15 minutes drive from the Nagpur airport, this property will be ready by the year 2007. This would be a mixed development construction where in there is a 4 Star hotel along with what will be Nagpur's premier Catering Institute . Lotus Suites, 4 star, Amboli ,Sindhudurg District, Maharashtra Location: 2 Acres of land in Amboli, Dist Sindhudurga in Konkan Region Maharashtra. It has the distinct locational advantage as it is situated at such an enviable point receiving the highest rain fall in India next only to that of Cherapunji. Nature has blessed this location with all its beauties on the earth like beautiful perennial greenery, deep valleys which is feast to eyes, cool foggy atmosphere having potential to draw flock of tourists all the time of the year. The added attractions are Biotech Park, Paragliding besides trekking. Lotus Suites At Aronde , Sindhudurg District Maharashtra Located on the banks of a river that cuts Maharashtra & Goa, this resort has features unique to this site only. The company plans to develop a 24 room boutique property on 4 acres of land. The hotel should be operational by the year end. Located next to a private jetty and a ship building yard, guest will see in front of them how boats are made, and set to sail. Also a part of the hotel would be on an Island in the middle of the river created naturally. Guests will be able to stay in houseboats owning to the calm water of this unspoilt river. Lotus Suites At Baddi , Himachal Pradesh Located in the heart of Himachal Pradesh's Pharmaceutical SEZ is the lotus suites , Baddi. Ths will be a 100 room business hotel on land aquired by the company. Baddi has a distinct advantage as it is notified as Tax Holiday territory with almost all Tax Holidays such as Income Tax , Sales Tax, Excise Duty benefits for ten years as well industry set up there are entitled for subsidy and as such many Pharma companies have set up their units at Baddi . The Lotus Suites 4 Star , Raipur Chatissgarh The company has acquired land to build a 4 star property in Raipur next to the airport. This hotel will cater to ever growing Raipur airport along with the mid segment tourists in the various mining and power Industries . This will be a 100 room property. Kamfotel , Nashik Maharastra The KHIL has entered into a management contract for 35 years for management of 32 rooms of Hotel Siddharth at Nashik. Since it is more profitable to redevelop the property by demolishing the existing structure, we propose to make a three star Kamfotel with 145 rooms. The Restaurant Division Vithal Kamat Veg. Restaurant . The Kamats restaurant once synonymous with `Vithal Kamat ` will once again see itself spreading all over the country. The company has embarked upon to achieve a target of 75 restaurant under this brand in the next 5 years. Currently there are 4 restaurants under this brand. There will be Kamats fast food restaurant serving South Indian specialized and other cusines. ONGC & KHIL Tie Up . The restaurant expansion plans also include approximately 30 restaurants spread across India and get integrated in its overall restaurant division. Khil will operate the traveler-related facilities like motels and restaurants at selected ONGC & MRPL Retail Petrol outlets. It will also conduct architectural services for the Retail Outlets. RETAIL OUTLET SERVICE PROVIDER AGREEMENT WITH OIL AND NATURAL GAS CORPORATION LTD.(ONGC) AND MANGALORE REFINERY & PETROCHEMICALS LIMITED (MRPL) FOR EXTENDING AND PERFORMING AND CARRYING OUT VARIOUS SERVICES LIKE: ONGC is one of the most valuable companies on the bourses having highest market Capitalization in India and has the distinction of being Asia's best Oil and Gas Company. It has scripted Indian Hydrocarbon saga by discovering six out of seven producing basins of India and contributes 83% of India's domestic oil production. It nurtures the vision of becoming an Indian Integrated Energy Multinational (PSU) and target a turnover of 50 billion US$ in 5 years. ONGC's wholly owned subsidiary- ONGC Videsh is the biggest Indian Multinational with 24 Assets in 13 countries. MRPL, a subsidiary of ONGC, is a most modern refinery and first to produce environment friendly Euro-III products in India. It has the distinction of highest capacity utilization, efficiency in operations and exports among the PSU refineries in the country. ONGC's retail outlets under the OVaL brand and MRPL outlets under HiQ brand will be Company owned and managed to instill the confidence for quality of product and value for money. The brands seek to provide a hassle free service to the customers and a unique experience through their products and services. The retail Outlets will offer a bouquet of services and customer conveniences to the different segments of travelers. A Highway traveler can look forward to a neat and clean resting place, hygienic public utilities, safe parking, food courts to suit the palate, communication facilities, ATMs and select items of daily chores. A city traveler can experience a quick fill, fast food counter and site-specific need based travel related facilities. a) Travel Related Facilities Operator Services for the Motel with lodging facility, food and beverage restaurant and the convenience store. b) Retail Outlet Operation Services like Forecourt operations, janitorial, security etc. c) Architectural Consultant Services, for developing lay-out plans/ construction drawings engineering, detailing for construction of the Retail outlets and other allied traveler related facilities (TRF) like Motel with lodging facility, food and beverage restaurant, Convenience Stores, ATM, Tyre shop, phone and internet facility offering all traveler related conveniences to its customers from specifically earmarked space therein (hereinafter called "TRF Area"). The Motel with lodging services is to be provided by either upgradation/demolition/re-erection of existing facilities or by new construction of the facilities on site-specific basis. Initially the above services will be extended in respect of 50 (Fifty) 'Company owned Company operated' "(COCO)" Outlets of ONGC and MRPL. Kamfotels (Kamat Comfort Hotels) KHIL plans to open a chain of 50 Kamfotel's in various cities in India. Work has already started at a property in Nashik, Maharashtra and many other locations. Kamfotel will have about 80 -100 rooms, with a medium sized meeting and conference room and will be located mainly near a religious place or an industrial town, which has a large moving population. Each Kamfotel will follow a franchisee model, with KHIL providing the know-how to build and manage the hotel. Vithal Kamat Super Snacks (VKSS) These are stand-alone outlets based on the idea of serving good quality hygienic food at affordable prices to travellers moving from one city to another. VKSS will be expanding in numerous cities in the country, at least 50 such outlets will come up in the next five years. VKSS will also be based on the franchisee model. The KHIL site also gives financial reports. Will be worth buying shares if they give travel and food vouchers at discount! ------------- taggy |
Posted By: ashwin.adsouza
Date Posted: 08/Apr/2008 at 6:06am
| (b) Konkani as such is a dialect and not a language Just to clarify the above line. Konkani is a language - Konkani was included in the Eight Schedule of the Constitution of India, as per the Seventy-First Amendment on 31st August 1992, adding it to the list of National Languages. Please refer: http://en.wikipedia.org/wiki/Konkani_language - http://en.wikipedia.org/wiki/Konkani_language . |
Posted By: shivkumar
Date Posted: 08/Apr/2008 at 10:19am
| the aronde property between sindhudurg and goa got inaugurated this week, according to a company statement. |
Posted By: kulman
Date Posted: 08/Apr/2008 at 11:24am
|
Great! If that is on the banks of Terekhol river, the location is quite picturesque. I would love to have a look at Aronde resort in near future.... if time, money & markets permit of course. ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: shivkumar
Date Posted: 08/Apr/2008 at 11:43am
Posted By: kulman Date Posted: 08/Apr/2008 at 11:50am
Posted By: Mohan Date Posted: 09/Apr/2008 at 6:35pm
Posted By: ashwin.adsouza Date Posted: 09/Apr/2008 at 7:13pm
Posted By: kulman Date Posted: 09/Apr/2008 at 8:49pm
Posted By: stocktin Date Posted: 09/Apr/2008 at 10:42pm
Posted By: Mr. V Date Posted: 09/Apr/2008 at 1:14am
Posted By: ashwin.adsouza Date Posted: 09/Apr/2008 at 5:29am
Posted By: stocktin Date Posted: 10/Apr/2008 at 6:55pm
Posted By: ashwin.adsouza Date Posted: 10/Apr/2008 at 7:27pm
Posted By: shivkumar Date Posted: 10/Apr/2008 at 12:39pm
Posted By: shivkumar Date Posted: 23/Apr/2008 at 3:39pm
Posted By: Mr. V Date Posted: 03/Jun/2008 at 11:44pm
Posted By: stocktin Date Posted: 03/Jun/2008 at 2:29am
Posted By: ashokpatil Date Posted: 29/Oct/2008 at 5:57pm
Posted By: ashokpatil Date Posted: 29/Aug/2009 at 10:20am
Posted By: shivkumar Date Posted: 02/Mar/2010 at 6:00pm
Posted By: ashokpatil Date Posted: 13/May/2010 at 9:29pm
Posted By: basant Date Posted: 13/May/2010 at 10:14pm
Posted By: shivkumar Date Posted: 13/May/2010 at 1:03am
Posted By: vivekbhauka Date Posted: 13/May/2010 at 9:15am
Posted By: vivekbhauka Date Posted: 13/May/2010 at 9:33am
Posted By: self research Date Posted: 13/May/2010 at 10:47am
Posted By: ashokpatil Date Posted: 04/Jun/2010 at 4:27pm
Posted By: shivkumar Date Posted: 04/Jun/2010 at 4:54pm
Posted By: xiaozhengm Date Posted: 02/Aug/2017 at 10:45am
Posted By: ninest123 Date Posted: 21/Mar/2018 at 7:33am
|
ha ha !!
| Print Page | Close Window
|