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ashwin.adsouza
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Quote ashwin.adsouza Replybullet Posted: 09/Apr/2008 at 7:13pm
Originally posted by shivkumar


Now if some Marathi protagonist jumps up to ridicule Konkani and a ding dong battle begins re: lingo of amchem goem then I am gonna scream!!! Very unfortunately all the sajjans on this forum won't allow both parties to sit back with a glass of urrack to kiss and make up especially now that the heat is on......
 
Well clarifying a wrong premise should be encouraged, I would say. And I also agree that all the sajjans would understand the value of right facts no matter it might be a financial or someother sterotype minded fact. 
 
Back to the Kamat hotel discussion, Does anyone have comparisions of the company with Viceroy? Both look to be good companies but whose prospects might be better. I would like to buy just one from the pack, but unable to make a final decision on this.
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Quote kulman Replybullet Posted: 09/Apr/2008 at 8:49pm

Lotus Resorts, the waterfront resort chain from Kamat Hotels India Limited (KHIL), has announced the opening of its new property at Aronda, near Goa.

The resort is located on the backwaters of Satarda river at Kiranpani Aronda in north Goa, Lotus backwater Resort - Aronda claims to offer a luxurious stay in natural surroundings. 

The Lotus Resort at Aronda incorporates European and Goan style elements. The cottages are made of matured local wood and old Hubli teakwood. The Heritage room features an open-to–the–sky bathroom*.



* interesting! Uparwaale se kya chhupa hain?






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stocktin
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Quote stocktin Replybullet Posted: 09/Apr/2008 at 10:42pm
Originally posted by shivkumar


Originally posted by ashwin.adsouza

(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:[COLOR="#800080">http://en.wikipedia.org/wiki/Konkani_language[/COLOR">.
Now if some Marathi protagonist jumps up to ridicule Konkani and a ding dong battle begins re: lingo of amchem goem then I am gonna scream!!! Very unfortunately all the sajjans on this forum won't allow both parties to sit back with a glass of urrack to kiss and make up especially now that the heat is on......


Please visit the link from Wikipedia you have given above and I quote this piece for Konkani verbatim.(Please also see the definition of Dialect from same source):

"Konkani does not have a unique script. Scripts of the other regional languages where its speakers inhabit are used; although Devanagiri has been mandated as the official script.

Konkani is the official language in the state of Goa and is included in the list of National Languages of India."

Dialect based on linguistic definition becomes a language only when it has a UNIQUE (Single)script which Konkani lacks because it geographicaly and politically goes across three or more states with at least two distinct scripts. You may have any number of languages based on official/constitutional recognition/definition but this is not the science of language or "Lingustics". The constitution keeps increasing languages and states every few years.(We have about 20 nationally recognised languages and 500 dialects as per last official count, I am sure this ratio can be reversed in a century or so! For example they (all 500), can become languages by definition if they all accept Devanagri as their written script - overnight!).

A good example is Malaysia and Indonesia - they did not have written script. They first adopted Arabic and later the Roman script and have become languages. But development of language has social dynamics which took centuries ealier to settle a language, but made much faster today by trans-migration and better transportation. Our states were made on basis of language, but we still have regional influences within states(read languages and dialects) after 60 years of independence. But things are better than the North-South clashes in the 1960s.

The intention was not to ridicule anyone and stray from the alluring news on Kamat Hotels. This is just a clarification. I look forward to the urrack/arrack/sorro!



Edited by stocktin - 09/Apr/2008 at 1:43am
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Mr. V
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Quote Mr. V Replybullet Posted: 09/Apr/2008 at 1:14am
Originally posted by ashwin.adsouza

Back to the Kamat hotel discussion, Does anyone have comparisions of the company with Viceroy? Both look to be good companies but whose prospects might be better. I would like to buy just one from the pack, but unable to make a final decision on this.
 
I haven't looked at Viceroy Hotel in detail but I think the business strategy of KHIL would differ primarily in the following ways.
 
1. KHIL is primarily concentrating on Tier II and other smaller cities/towns.
2. Intends to follow a low capex strategy by going in for management of hotels and branding.
3. Chain of restaurants along major highways (again low capex).
 
Valuations of KHIL are also considerably less. It should do Fully diluted EPS of Rs 19-20 in FY08.
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ashwin.adsouza
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Quote ashwin.adsouza Replybullet Posted: 09/Apr/2008 at 5:29am
Originally posted by stocktin

 
I look forward to the urrack/arrack/sorro!
 
Thanks. But, SORRO No...No..... We can settle for lassi though Smile
 
Originally posted by Mr. V

 
I haven't looked at Viceroy Hotel in detail but I think the business strategy of KHIL would differ primarily in the following ways.
 
1. KHIL is primarily concentrating on Tier II and other smaller cities/towns.
2. Intends to follow a low capex strategy by going in for management of hotels and branding.
3. Chain of restaurants along major highways (again low capex).
 
Valuations of KHIL are also considerably less. It should do Fully diluted EPS of Rs 19-20 in FY08.
 
Ok. Got it.
 
I was studying Indian Hotels, and it also seems to be focussing on the 1st and 2nd ways mentioned above.
 
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stocktin
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Quote stocktin Replybullet Posted: 10/Apr/2008 at 6:55pm
Originally posted by ashwin.adsouza

Originally posted by stocktin

  I look forward to the urrack/arrack/sorro!

 

Thanks. But, SORRO No...No..... We can settle for lassi
 


NO Sorro-w. We will settle for a Patiala tall glass of lassi sometime. Thanks for the invitation.

Do you regularly follow the Hotel industry for sometime now?

Edited by stocktin - 10/Apr/2008 at 7:08pm
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ashwin.adsouza
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Quote ashwin.adsouza Replybullet Posted: 10/Apr/2008 at 7:27pm
Originally posted by stocktin

Do you regularly follow the Hotel industry for sometime now?
 
Well I see a big opportunity in the hotel industry in India. I am just drawing a big parallel to the US here. Different reasons:
1) Increasing infrastructure, and affulence will lead to a multifold increase in internal tourism. Budget hotels like Ginger will be in a good position to capitalize on this.
2) Increasing business has a direct impact on Hotels, people moving around need place to stay. Motels in the US have very high margins and involve little capex.
3) Hospitality industry I think will be more than just hotel rooms. Companies can offer a lot of allied services.
 
It is very much comparable to the Logistics industry (that depends heavily on business/GDP growth), but has a relatively less direct affect of fuel prices.
 
This is a sector that I am increasing my exposure, and intend to increase it to atleast 30% of portfolio.
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Quote shivkumar Replybullet Posted: 10/Apr/2008 at 12:39pm
Kamat has several hotels that will go on stream in the coming months. Moreover they are taking to managing existing hotels. I am told the guys from Karnataka - the Udupiwallas, Shettys, etc are quite good because they have access to plenty of manpower.

They simply promote some guy from their own group and transplant them at the new place. So there is some amount of standarization that way.

For instance, the Chinese food at all the Shetty places taste alike.....
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