Bharat Hotels Limited runs five-star properties under The LaLiT brand. Its is one of the leading hospitality chains in India. The company has already filed a DRHP with Sebi and is very soon going to launch its IPO.
Current Bharat Hotels Share Price is Rs 175-180. For buying shares of Bharat Hotels or any other companies, please call on 8108303330
Bharat Hotels (BHL) is operating twelve 5–star hotels spread across the major business and tourist destinations of India. As on March 31, 2021; BHL had an inventory of 2,261 rooms in 12 properties. The twelfth property started operations in April 2017 at Mangar (Faridabad) with 35 rooms. In addition, BHL holds the exclusive rights to provide management consultancy services in connection with the operation and management of a hotel in London, The LaLiT London, which offered 70 rooms as on March 31, 2021. Out of BHL’s portfolio of 12 operating hotels 4 are owned, 5 are on lease and 3 are licensed comprising of 2,261 keys in total.
The company also operates two business & commercial towers in Delhi, namely World Trade Centre and World Trade Tower with a total office and commercial space of over 286,000 sq ft spread over eight floors in each tower. Apart from this, the company also operates a commercial tower within the premises of The LaLit Mumbai called The LaLit Residency with office and commercial space of 44,000 sq ft across five floors. The company over the years has developed an established relationship with various leading corporate. These tie–ups have been providing BHL consistent customer sourcing and assured revenue.
Bharat Hotels Ltd (BHL) incorporated in 1981 was founded by Late Mr. Lalit Suri and his family members. Presently the operations of the company are managed by Mrs. Jyotsna Suri.
Bharat Hotels Ltd Unlisted Shares Profile
ISIN CODE : INE466A01015
INDUSTRY : HOTEL, RESORT & RESTAURANTS
Address : Barakhamba Lane, Connaught Place, New Delhi 110 001, India
Email : email@example.com Website : http://www.thelalit.com
Dr. Jyotsna Suri – Chairperson and Managing director
Ms. Divya Suri Singh – Executive director
Ms. Deeksha Suri – Executive director
Mr. Keshav Suri – Executive director
Dr. M.Y. Khan- (Non-Executive) director
Mr. Gopal Jagwan – Chief Financial Officer
Deeksha Holding Limited held 40.42%, Jayant Nanda owned 26.32%, Jyotsna Suri held 9.55% while others held 23.71% stake in Bharat Hotels.
Shares of Bharat Hotels are available at attractive rates. IPO is coming soon as per company got Sebi approval in October 2018. The company had filed its DRHP on 29 June. The IPO comprises a fresh issue of shares worth Rs 1,200 crore. For buying shares of Bharat Hotels or any other companies, please call on 8108303330
HDFC Bank, Edelweiss Financial Services and YES Securities are the merchant bankers managing the IPO.
Financials of Bharat Hotels Consolidated (Figs in Rs Cr)
Delhi-based Bharat Hotels Limited has grown from a reasonable small size group to a lavish group of chains with five star luxury properties named as The Lalit brand. Chairperson and Managing Director of the hotel firm, Dr. Jyotsna Suri is a driving force wherein after the demise of her husband Lalit Suri, she took over the brand in 2006 as the CMD. Since then there is no looking back. In June 2019, Jyotsna Suri, got the BW Most Influential Woman of India.
In 2008, Jyotsna Suri changed the name of the group to The Lalit after her husband’s name. She works with persistence while driving the brand as a leading name in the industry. She holds majors in English from Delhi University along with an honorary degree from the University of Warwick, UK.
Best hotel in Mahabaleshwar
Bharat Hotels in Mahabaleshwar is the best hotel located at Tapola Rd, Near New Lake, Mahabaleshwar, Maharashtra. It is a perfect blend of nature and luxury with modern amenities.
Various media organizations tag her as the ‘Queen of the Hospitality Industry’ or a ‘Hotel Heiress’ due to her consistent dedication and fabulous growth of the luxury properties and its fantastic services. Bharat Hotels was incorporated in January 1981. Right from Srinagar in North to Kerala in South, the group has made its presence across the country. Recently, they opened an international branch at London.
To celebrate “Azadi ka Amrit Mahotsav” – 75 years of India’s glorious independence, The Lalit has joined hands with Special Olympics Bharat as its Happiness Partner for National Health Fest for Divyangjan (people with disabilities) to be held across the country. The Lalit Suri Hospitality Group has always supported the marginalised and are contributing as happiness partners for the Delhi and Chandigarh chapters of Special Olymipcs; by providing breakfast, lunches and snacks at the Aanchal Special School & Ananth Centre for Learning & Development in New Delhi and Government Rehabilitation Institute for Intellectual Disabilities in Chandigarh.
The national health festival, under the guidance of its Chairperson, Dr Mallika Nadda, aims to screen 75,000 athletes by 7500 medical professionals at 750 sports centres in 75 cities across the country, on April 5 and April 7, 2022.
Dr Jyotsna Suri, Chairperson and Managing Director, Bharat Hotels Ltd. The Lalit Suri Hospitality Group, has been invited as the Chief Guest for the event.
Bharat Hotels is one of the leading hospitality chains in India. Peers of Bharat Hotels are Indian Hotels, EIH Ltd, Chalet Hotels etc.
BHL has been operating various hotels in the hospitality industry for more than 30 years now. The company continues to derive strength from BHL’s experienced promoters, long track record of operations in the hospitality business, established relationship with corporate clients and diversified portfolio of properties.
BHL’s portfolio is strengthened by its geographical diversification with hotels situated in commercial/industrial cities as well as leisure destinations.
Favorable location of hotel properties lends visibility which coupled with connectivity results in higher occupancy.
The domestic travel, weddings, social and leisure sector as expected has started to pick up.
Management is undertaking various cost saving initiatives to conserve cash. It is expected that hotel industry in the Asia Pacific region will rebound faster than any other region.