Bharat Hotels Unlisted Share Price

Bharat Hotels Limited Delisted Shares - Company Overview

BHARAT HOTELS LIMITED is headquartered in New Delhi. The first hotel of the company was opened in 1988. The company was founded by Mr. Lalit Suri. He had also served as a Member of Parliament representing Uttar Pradesh in the Rajya Sabha. After Mr. Lalit Suri, the leadership went into the hands of Dr. Jyotsna Suri in 2006. All the hotels under the group were operated under the brand ‘The Grand – Hotels, Palaces & Resorts, but in 2008, it was rebranded as ‘The Lalit.

The company owns 12 luxury hotels, Palaces & Resorts, and 2 mid-segment hotels under The LaLiT Traveller brand. The company in total has 2261 rooms to offer. Moreover, they also have exclusive management rights to operate the hotel in London with 70 rooms.

During the current COVID-19 pandemic, some of the hotels of company are accommodating doctors at a fixed rate to be paid by the Government.

The company has 5 subsidiary companies and 1 joint venture. Apart from that, Bharat Hotels Limited also runs ‘The Lalit Suri Educational and Charitable Trust’

In the future, they are planning to develop 3 new hotels in Ahmedabad, Mangalore, and Dehradun, which will in consolidate and offer 290 rooms and 115 cottages. They are also developing 50 additional rooms at the ‘The Lalit Laxmi Vilas Palace Udaipur’. Bharat Hotels Limited has developed its own brands like Baluchi, OKO, 24/7, The LaLiTBoulangerie, the Lalit food truck company, and the Kitty Su. In the COVID-19 pandemic, they started home delivery of bakery, confectionery, and gourmet hampers. The Company is also exploring possibilities of digital channels to

make more products and services available to guests like Ayurveda doctor consultancy, wellness packages, chef at home, bartender at home, Kitty comes home, and industrial catering.

Bharat Hotels Delisted Share Details As of March 31, 2024

Incorporation Details of Bharat Hotels Limited

Principal Business Activities of Bharat Hotels Limited

Board of Directors of Bharat Hotels Limited

Dr. Jyotsna Suri (Chairperson And Managing Director)

Ms. Divya Suri Singh (Executive Director)

Ms. Deeksha Suri (Executive Director)

Mr. Keshav Suri (Executive Director)

Mr. Ramesh Suri (Non-Executive Director)

Dr. M.Y. Khan (Independent Director)

Mr. Dhruv Prakash (Independent Director)

Mr. Vivek Mehra (Independent Director)

Mr. Ranjan Mathai (Independent Director)

Ms. Shovana Narayan (Independent Director)

Particulars of Subsidiaries and Associate Companies of Bharat Hotel

Shareholding Pattern of Bharat Hotels Limited (As of 31-03-2024)

Hotel Industry Outlook

The Hotel industry is a part of the Travel and Tourism industry in India. Average Room Rate (ARR) and Revenue per Available Room (RevPAR) are the key performance indicators for the Hotel industry to measure business expansion and manage hotels.

The Hotel industry can be segmented into branded or traditional hotels, independent/unbranded hotels, new-age hotel chains, and alternate accommodations. The independent/unbranded segment accounts for around 70% of the total available hotel rooms. And the second largest segment is alternate accommodations.

Some signs of positivity emerged in the hospitality sector. Leisure demand drives the growth, with holiday destinations in close proximity to major cities witnessing a surge in weekend getaway demand. The industry also witnessed a recovery in the F&B segment as people started dining out. 

FAQS ON BHARAT HOTELS' DELISTED STOCK

Q1) Who is the CEO of Bharat Hotels Limited?

Mr Vivek Shukla is the CEO of Bharat Hotels Limited.

Q2) Which hotels are under Bharat Hotel Limited?

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.

Q3) Is Lalit a good brand?

Lalit is one of the leading hospitality chains in India. The LaLiT Brand is more than just a name. It's a set of values, attributes, and integrity that reflects the spirit of the company.

Q4) Is Bharat hotels profitable?

Yes, Bharat Hotels is a Profit-making company.

Q5) what is the share price of Bharat Hotels Limited?

Bharat Hotels' share price can be checked through our website wwipl.com or contact us