Well, I think EIHOTEL could Break the SHELL. Do you?
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EIH is primarily engaged in owning and managing premium luxury hotels and cruisers under the luxury Oberoi, Trident and Maidens brands. The Company is also engaged in flight catering, airport restaurants, project management and corporate air charters.
The group has been in luxury hospitality business for 6+ decades in India and has expanded into international destinations viz. Indonesia, Mauritius, Egypt, and the UAE
The group manages 29 hotels & resorts (owned and managed) with room inventory of 4,269 across 6 countries at 15+ locations.
The Company was voted the ''Best Hotel Brand in the World'' at Travel + Leisure world's best award, 2022.
There was a 58% growth on YOY basis in online bookings in FY23.
Hotel Brands
A) Oberoi Hotels – In this brand, company operates 18 Hotels & Resorts, and a luxury River Nile cruiser in Egypt.
B) Trident Hotels – In this brand, company operates 10 Hotels with 2172 keys across 9 cities in India
C) Maiden Hotel – Established in 1903 as one of the first hotels in Delhi, Maiden hotel is a single hotel operated by a company in Delhi with 55 Rooms.
Owned Hotels - FY23
Average Daily Rate - Rs.11,465
Occupancy % - 77
Revenue Generate per Available Room - 127%
Managed Hotels - Q2FY23
Average Daily Rate - Rs.11,036
Occupancy % - 69
Revenue Generate per Available Room - Rs.7603
Low Debt and Higher Asset Base
The company has total assets of 2985 Crs and debt of only 217 Crs as of Sep 2022. Due to its large asset base, company has been able to borrow money at better interest rates. The Weighted Average Cost of Debt as of 30th September 2022 was 7.6%
Alliance
In FY23, company entered into a strategic alliance with the prestigious Mandarin Oriental Hotel Group.
New Projects for FY24
1 Bay Club, Mumbai: In FY23, the company opened The Bay Club which is Mumbai’s most exclusive members’ private club, managed by the Oberoi Group. It is an exclusive, by-invitation-only private members club situated at BKC.
2 The Oberoi Rajgarh Palace, a luxury project situated near Khajuraho is being developed. This resort will provide upscale lodging on a 62-acre site adjacent to the Panna forest
reserve.
3 The Company has obtained land use consent for its 55-acre beach-front property in Goa. This is still at planning stage.
4 The planning process is on for the Oberoi Hotel, at Bengaluru.
5 Construction is progressing at The Oberoi Wildlife Resort Bandhavgarh, located on a 22-acre site just five kilometers away from Bandhavgarh National Park.
6 The Oberoi and Trident resorts, on KohTan Island, located southwest of Koh Samui, Thailand.
7 The Oberoi Kathmandu is being developed on a greenfield site measuring five acres.
8 The Oberoi Wildlife Resort, located near Bardia National Park in Nepal, will be developed approx on 30 acres.
9 A luxury Nile Cruiser is planned with 25 cabins and will sail along the Nile between Luxor and Aswan.
10 Trident resort in Tirupati Andhra Pradesh is planned. This upcoming 100- key resort, will be developed by the Company’s subsidiary Mumtaz Hotels Ltd., will be managed by the Company.
The group has been in luxury hospitality business for 6+ decades in India and has expanded into international destinations viz. Indonesia, Mauritius, Egypt, and the UAE
The group manages 29 hotels & resorts (owned and managed) with room inventory of 4,269 across 6 countries at 15+ locations.
The Company was voted the ''Best Hotel Brand in the World'' at Travel + Leisure world's best award, 2022.
There was a 58% growth on YOY basis in online bookings in FY23.
Hotel Brands
A) Oberoi Hotels – In this brand, company operates 18 Hotels & Resorts, and a luxury River Nile cruiser in Egypt.
B) Trident Hotels – In this brand, company operates 10 Hotels with 2172 keys across 9 cities in India
C) Maiden Hotel – Established in 1903 as one of the first hotels in Delhi, Maiden hotel is a single hotel operated by a company in Delhi with 55 Rooms.
Owned Hotels - FY23
Average Daily Rate - Rs.11,465
Occupancy % - 77
Revenue Generate per Available Room - 127%
Managed Hotels - Q2FY23
Average Daily Rate - Rs.11,036
Occupancy % - 69
Revenue Generate per Available Room - Rs.7603
Low Debt and Higher Asset Base
The company has total assets of 2985 Crs and debt of only 217 Crs as of Sep 2022. Due to its large asset base, company has been able to borrow money at better interest rates. The Weighted Average Cost of Debt as of 30th September 2022 was 7.6%
Alliance
In FY23, company entered into a strategic alliance with the prestigious Mandarin Oriental Hotel Group.
New Projects for FY24
1 Bay Club, Mumbai: In FY23, the company opened The Bay Club which is Mumbai’s most exclusive members’ private club, managed by the Oberoi Group. It is an exclusive, by-invitation-only private members club situated at BKC.
2 The Oberoi Rajgarh Palace, a luxury project situated near Khajuraho is being developed. This resort will provide upscale lodging on a 62-acre site adjacent to the Panna forest
reserve.
3 The Company has obtained land use consent for its 55-acre beach-front property in Goa. This is still at planning stage.
4 The planning process is on for the Oberoi Hotel, at Bengaluru.
5 Construction is progressing at The Oberoi Wildlife Resort Bandhavgarh, located on a 22-acre site just five kilometers away from Bandhavgarh National Park.
6 The Oberoi and Trident resorts, on KohTan Island, located southwest of Koh Samui, Thailand.
7 The Oberoi Kathmandu is being developed on a greenfield site measuring five acres.
8 The Oberoi Wildlife Resort, located near Bardia National Park in Nepal, will be developed approx on 30 acres.
9 A luxury Nile Cruiser is planned with 25 cabins and will sail along the Nile between Luxor and Aswan.
10 Trident resort in Tirupati Andhra Pradesh is planned. This upcoming 100- key resort, will be developed by the Company’s subsidiary Mumtaz Hotels Ltd., will be managed by the Company.
Trade attivo
Target 2 Achieved 20%. This retracement will be another good opportunity.
*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
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