OUR BUSINESS
Our Company was incorporated on February 12, 2002 We are a hospitality asset owner with a primary focus on luxury offerings across business and leisure segments.
All of our hospitality assets are operated by or franchised from global operators, including Marriott, Hilton, Minor and Atmosphere.
Our luxury hospitality assets comprise JW Marriott, Pune, The Ritz-Carlton, Pune, Conrad, Maldives, Anantara, Maldives and Raaya by Atmosphere, Maldives.
Our Portfolio comprises 11 operational hospitality assets in India and Maldives, totalling 2,036 keys across the luxury, upper upscale and upscale segments as at March 31, 2024.
The Ritz-Carlton, Pune is one of only two “The Ritz-Carlton” hotels in India which is a luxury brand within the Marriott portfolio. JW Marriott, Pune is the largest luxury hotel based on the number of keys in Pune and is one of only eight luxury hotels in India with inventory of between 400 to 500 keys as at March 31, 2024.
We own three luxury hospitality assets in the Maldives, which has been ranked consistently as one of the best tourist island destinations globally (including World’s Leading Destination (2023) and Indian Ocean’s Leading Destination (2024) at the World Travel Awards) with its unique “one island, one resort” concept .
The Maldives is a high rate destination and benefits from sizeable demand for luxury and upper upscale hotels (Source: Horwath HTL Report), consistent with our offerings.
Conrad, Maldives houses the Muraka, a flagship experience that offers private accommodation comprised as an integrated undersea residence. It is reportedly the first such resort product globally along with an underwater restaurant known as Ithaa .
Muraka Suite was named one of the greatest luxury hotel suites in the world in Robb Report’s The 50 Greatest Luxury Hotel Suites in the World.
Our Promoters are the Panchshil Promoters and the BRE Promoters. The Panchshil Group is affiliated with Panchshil Realty, one of India’s leading luxury real estate developers.
The BRE Group is affiliated with Blackstone, the largest investor in hotels globally based on the number of keys, with nearly 163,000 keys as at June 30, 2024.
OBJECTS OF ISSUE
- Repayment/prepayment, in part or full, of certain of borrowings availed by our :-
a. Company including payment of interest accrued thereon; and
b. Step- down Subsidiaries namely SS & L Beach Private Limited and Maldives Property Holdings Private Limited, including the payment of interest thereon through investment in such step-down Subsidiaries. - General corporate purposes.
Qualitative Factors
- Premium hospitality assets complemented by Grade A annuity assets.
- Established track record of development and acquisition-led growth in India and the Maldives.
- Renowned Promoters with global and local expertise.
- Professional and experienced management team.
- Proven track record of adding value through active asset management.
- Long-term ESG commitment.
- Well-positioned to benefit from strong industry tailwinds.
Ventive Hospitality Comparison of Accounting Ratios with Peer Group Companies :-
- Chalet Hotels Limited .
- Samhi Hotels Limited .
- Juniper Hotels Limited .
- The Indian Hotels Company Limited .
- EIH Limited .
- Lemon Tree Hotels Limited .
- Apeejay Surrendra Park Hotels Limited.
