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Kamat Hotels (India) Ltd.

BSE: 526668 Sector: Services
NSE: KAMATHOTEL ISIN Code: INE967C01018
BSE LIVE 12:25 | 14 Dec 118.70 -2.50
(-2.06%)
OPEN

122.45

HIGH

122.55

LOW

116.00

NSE 12:12 | 14 Dec 117.85 -2.50
(-2.08%)
OPEN

121.55

HIGH

123.05

LOW

117.00

OPEN 122.45
PREVIOUS CLOSE 121.20
VOLUME 10455
52-Week high 141.00
52-Week low 28.30
P/E 7.26
Mkt Cap.(Rs cr) 280
Buy Price 118.10
Buy Qty 500.00
Sell Price 118.65
Sell Qty 100.00
OPEN 122.45
CLOSE 121.20
VOLUME 10455
52-Week high 141.00
52-Week low 28.30
P/E 7.26
Mkt Cap.(Rs cr) 280
Buy Price 118.10
Buy Qty 500.00
Sell Price 118.65
Sell Qty 100.00

Kamat Hotels (India) Ltd. (KAMATHOTEL) - Company History

Kamat Hotels (India) (KHIL), promoted by Mumbai based Kamat Group in 1986, operates a 245 room five star hotel 'The Orchid near Mumbai domestic airport. The company also manages two hotels -- Kamats Khandla Hotel and The Kamats Plaza. KHIL came out with its initial public offering in Oct. '94 at a premium of Rs 50 aggregating Rs 30.60 cr and 5.5 lac 14% NCDs of Rs 100 aggregating Rs 5.5 cr. The issue was to expand and modernise The Kamats Plaza, by constructing 252 double rooms with additional facilities including restaurants, discotheques, health clubs, etc. The estimated project cost was Rs 111.76 cr. The company has commenced a new tour and travel division, and also started a hotel and catering institute in Bombay. KHIL has entered into an MoU for managing a 94-room residential hotel at Bandra with conference and other facilities but this Bandra project has been rescheduled due to slackness in the development at the Bandra-Kurla complex. KHIL has purchased 25 acres of land at Kumarakum, Kerala for a resort. Asia's first Ecofriendly certified five star hotel "The Orchid" of the company, became fully operational with an 245 rooms during the year 1999-2000. "The Orchid" has won prestigious award like the Ecotel Industry Pioneer Status 1999 Award, Green Globe Achievement Award 2000, IH & RA Green Hotelier & Restaurateur Environmental Award 1999 for outstanding contribution to sustainable tourism. The company has also entered into an contract for managing Hotel Siddharth, a 32 room hotel at Nashik, Maharashtra for 35 years. The Building plans for Hotel Siddharth at Nasik have been submitted to the Municipal Corporation for renovation and redevelopment.