Bharat Hotels : Planning an IPO in two years

by khalid on 22/03/2011 · 0 comments

Bharat Hotels Limited runs the Lalit brand of hotels and resorts across India. Founded by Lalit Suri, Member of Parliament, Rajya Sabha is presently managed by Jyotsna Suri. She is looking forward to extend its presence across the globe including Thailand as well as Dubai by utilizing internal accruals as well as bank loans. The company is planning to invest Rs 2,500 crore for the expansion strategies in the coming four years. Bharat Hotels has plans to launch an IPO probably in 2013 to raise funds for future expansion. At present the company is expanding its presence across India and overseas markets such as Dubai and Thailand through internal accruals and bank loans. The funds are being raised through internal accruals and loans. This year the company will operationalize three hotels, one each in Jaipur, Chennai and Kolkata. After this, there will be new properties launched in Amritsar, Dehradun and Pune.

Presenlty, Bharat Hotels has under its umbrella nine operational hotels, apart from the nine upcoming hotels. Bharat Hotels is one of the country’s largest privately owned and fastest growing Chain of hotels.

Operating Hotels of the group :-
The LaLiT New Delhi
Intercontinental The LaLiT Mumbai
Intercontinental The LaLiT Goa Resort
The LaLiT Grand Palace Srinagar
The LaLiT Ashok Bangalore
The LaLiT Laxmi Vilas Palace Udaipur
The LaLiT Temple View Khajuraho
The LaLiT Resort & Spa Bekal
The Residency, Mumbai

Upcoming Hotels :-
The LaLiT Great Eastern Kolkata
The LaLiT Jaipur
The LaLiT Ahmedabad
The LaLiT Chandigarh
The LaLiT Noida
The LaLiT Amritsar
The LaLiT Grand Fort Dubai
The LaLiT Resort & Spa Koh Samui
The LaLiT Dehradun

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