Hotel sector gears up for growth with ₹8,000-crore IPO pipeline and ITC demerger: Jefferies
4 weeks ago

Hotel sector gears up for growth with ₹8,000-crore IPO pipeline and ITC demerger: Jefferies

Live Mint  

The hotels' publicly-listed universe is set to expand with the potential debut of four new companies, aiming to capitalise on the strong outlook for the hotel industry, according to a recent note by Jefferies. The upcoming IPOs of Schloss Bangalore, Ventive Hospitality, and Brigade Hotels aim to raise around ₹8,000 crore collectively, alongside the demerger and listing of ITC Hotels. Fundraising and IPO Landscape According to Jefferies, three hospitality companies, Schloss Bangalore, Ventive Hospitality, and Brigade Hotels, have filed their IPO prospectuses in the last 3-4 months. Schloss and Ventive are backed by private equity and asset management firms, while Brigade Hotels is a division of South India-based real estate developer Brigade Group. In summary, Jefferies believes the upcoming IPOs and ITC Hotels' demerger reflect the strong growth narrative of India’s hospitality sector.

India Growth Hospitality Crore Keys Ipo Itc Brigade Jefferies Schloss Ventive Ventive Hospitality Brigade Hotels Hotels Demerger Schloss Bangalore  schloss  hotels  demerger  sector  itc  hospitality  pipeline  keys  brigade  gears  crore  growth  jefferies  ipo  ventive  hotel  8000crore

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Weddings, events to ensure investors stay checked into hotel stocks
2 weeks ago

Weddings, events to ensure investors stay checked into hotel stocks

Live Mint  

Investors in shares of hotel companies are enjoying a good view. “We anticipate hotel companies to post healthy growth in 2HFY25/FY26, aided by: an increase in ARR across hotels, due to a favorable demand-supply scenario, corporate rate hikes, and room upgrades through renovations; and healthy operating leverage," said Motilal Oswal analysts in a report dated 16 December. Expressing optimism about …

IPO-bound Ventive Hospitality to buy, develop hotels as temple tourism rises
3 weeks, 1 day ago

IPO-bound Ventive Hospitality to buy, develop hotels as temple tourism rises

Live Mint  

Bengaluru: Ventive Hospitality Ltd, a joint venture between Pune-based real estate developer Panchshil Realty and global asset manager Blackstone, is looking to expand its hotel business to capitalize on a surge in leisure travel and temple tourism in India, senior company officials told Mint. Our key markets are the business growth markets," Asheesh Mohta, senior managing director and head of …

ITC shares rise as ITC Hotels demerger set for January 1, 2025: Key details
Trending News
3 weeks, 2 days ago

ITC shares rise as ITC Hotels demerger set for January 1, 2025: Key details

India Today  

Shares of ITC inched higher on Tuesday after the company announced that the demerger of its hotels business, ITC Hotels Ltd, will take effect from January 1, 2025. DETAILS OF THE DEMERGER In its update to the exchanges, ITC stated that both ITC Limited and ITC Hotels Limited have confirmed that all conditions required under Clause 28 of the scheme …

Indian hospitality sector eyes Rs80 billion boost as four new players gear up for market debut: Jefferies
4 weeks, 1 day ago

Indian hospitality sector eyes Rs80 billion boost as four new players gear up for market debut: Jefferies

Live Mint  

New Delhi, : India's hospitality sector is gearing up for a significant expansion in its listed universe, with four new players set to debut on the stock market. According to Jefferies report, Schloss Bengaluru, Ventive Hospitality, and Brigade Hotels are collectively aiming to raise approximately Rs80 billion through Initial Public Offerings. This surge follows earlier fundraisers in the sector, such …

Hotels join the fray as IPO frenzy continues
1 month, 2 weeks ago

Hotels join the fray as IPO frenzy continues

Live Mint  

While new-age ventures received all the spotlight in the markets, hospitality companies have quietly drawn serious interest from investors after the post-pandemic boom in travel and tourism. “Bharat Hotels, which is currently delisted, plans to go public soon," said Krishna Patwari, founder and managing director of Wealth Wisdom India. Blackstone-Panchshil’s Ventive Hospitality recently filed papers for a ₹2,000 crore IPO, …

India's hospitality sector sees $93 million investment surge in H1 2024
4 months ago

India's hospitality sector sees $93 million investment surge in H1 2024

Hindustan Times  

The country’s hospitality sector recorded an investment activity of around $93 million in the first half of the year. Listed hotel companies led the hotel transactions in the first half of 2024, with the upscale segment claiming the highest share of the total transaction volume, followed by mid-scale, luxury, and economy segments. H1 2024 witnessed 19,442 keys in terms of …

ITC’s demerger for hotel biz underway; shares hit 52-week high; check details
1 year, 6 months ago

ITC’s demerger for hotel biz underway; shares hit 52-week high; check details

Live Mint  

Shares of ITC Ltd rallied over three per cent to hit a 52-week high of ₹480.60 after media reports stated that the company's demerger process for its hotel business is now underway. ITC's hotel business demerger has been cited as one of the key triggers for further potential upside on the stock by analysts. Last year, Chairman and Managing Director …

India’s hotels sector is seeing wind in its sales
1 year, 10 months ago

India’s hotels sector is seeing wind in its sales

Live Mint  

Air India’s mega order for 470 planes is being seen as a reflection of the economic growth India is likely to see in the coming years. The stock prices of the top four hotel companies by market capitalization—India Hotels, EIH, Lemon Tree and Chalet —have all outperformed the BSE Sensex this year. Improving Revenues When the pandemic hit, India’s hotel …

From Fancy Hotels to Modern Hospitals in J&K: Gulf CEOs Look to Invest Across Sectors
2 years, 9 months ago

From Fancy Hotels to Modern Hospitals in J&K: Gulf CEOs Look to Invest Across Sectors

News 18  

The high-level delegation of investors from Gulf countries, which is on a tour of Kashmir, has pledged to invest in high-end hotels, hospitals, agro-progressing, horticulture and information technology. Ankita Kar, managing director of Jammu and Kashmir trade promotion corporation, said the tour is the follow-up to Dubai Expo in January, where they were able to generate interest among them to …

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