SOH (Soul of Hospitality) Magazine’s Post

🏨💰 Leela Palaces >> IPO ✨✨ 🏨 The Leela Palaces, Hotels & Resorts, owned by Brookfield Asset Management, is on the brink of making history in the Indian hospitality sector with its upcoming Initial Public Offering (IPO). 🏨 The luxury hotel chain is set to file draft papers for what could be India's largest IPO in the hotel industry, aiming to raise a substantial Rs 5,000 crore. 🏨 The IPO is structured with a primary component of Rs 3,000 crore for growth capital and a secondary component of Rs 2,000 crore for stake dilution by Brookfield. 🏨 A consortium of 11 prestigious investment banks has been assembled to manage the share sale, reflecting the significance of this financial event. 🏨 This move comes after Brookfield's strategic acquisition of four of Leela's prime properties in Delhi, Bangalore, Udaipur and Chennai in 2019, which marked a pivotal point in the revival and expansion of the business. 🏨 The proposed IPO is set to exclude Leela Mumbai, already listed as Hotel LeelaVenture Ltd, underscoring a focused strategy on growth and market presence expansion. 🏨 With plans to nearly double its portfolio to 20 properties across India, Leela is poised for a transformative leap, building on its current count of 15 hotels, and reinforcing its position as a leader in luxury hospitality. 👩🏻💼Hey everyone! Thank you for your support. I hope you guys like this update on Leela Palaces to file for IPO in the coming times. Much information is yet to get out from the side of the officials. Will try to cover more once more information is available. Happy Learning!!! P. S. - As always, it is important to conduct your own research before making any investment decisions. This post is purely for informational and educational purposes and does not serve as a promotion or recommendation. #LeelaPalaces #BrookfieldAssetManagement #IPO #HospitalityIndustry

Schloss Bangalore, parent company of Leela Palaces, Hotels and Resorts, has filed for a ₹5,000 crores IPO! If it happens, this would be the biggest IPO in Indian hospitality sector till date!. The deal includes fresh equity worth ₹3,000 crore and ₹2,000 crore in the form of a sale to existing shareholders. It is a large deal within the hospitality sector. With Brookfield Asset Management support, Schloss Bangalore currently operates 12 luxury hotels across India and is on the hunt for another 8 through 2028 Losses reduced from ₹61.68 crore to ₹2.13 crore in FY24 The Indian hospitality market is expected to grow from $24.6 billion in 2024 to $31 billion by 2029 Watch this space for more on this blockbuster IPO and the future of hospitality! #IPO #HospitalityIndustry #LeelaHotels

Leela Hotels operator Schloss Bangalore files for $599 Million IPO! Schloss Bangalore, the owner of the iconic Leela Palaces, Hotels & Resorts, has filed for a massive ₹50 billion ($599 million) IPO. This move marks a significant milestone in the luxury hospitality sector in India. The Leela Palaces was founded by the visionary Captain C.P. Krishnan Nair in 1986. Captain Nair’s journey from a textile exporter to a hotelier is nothing short of inspirational. His passion for Indian culture and luxury hospitality led to the creation of The Leela, which has now become a symbol of elegance and world-class service. Under the stewardship of Brookfield Asset Management, which acquired a significant stake in 2019. The Leela has continued to expand and innovate, maintaining its legacy while adapting to modern trends. This IPO is set to fuel further growth and solidify its position as a leader in the luxury hotel industry. Key Takeaways for Founders: 📌 Be a visionary leader: Captain Nair’s transition from textiles to hospitality showcases the power of visionary leadership and adaptability. 📌 Cultural Integration: His deep appreciation for Indian culture and luxury set a unique standard in the hospitality industry. 📌 Legacy of Excellence: The Leela’s continued success underlines the importance of maintaining a legacy while embracing innovation. Are you looking forward to this IPO? Let me know in the comments. #IPO #LeelaPalaces #LuxuryHotels #HospitalityIndustry #BusinessNews

#HospitalityGrowth The Leela Palaces, Hotels and Resorts is poised to file draft papers for an ambitious ₹5,000 crore IPO, set to become the largest ever in India’s hotel industry. This strategic move comes as the luxury hospitality chain seeks to bolster its growth and expansion plans. For more information, click here: https://lnkd.in/gTy5QdrD IPO will feature a primary component of ₹3,000 crore aimed at funding growth initiatives, while the secondary component of ₹2,000 crore will involve promoter Brookfield’s stake dilution. The filing with the Securities and Exchange Board of India (Sebi) is expected soon. #LeelaPalacesIPO #LuxuryHotels #InvestmentOpportunities #HospitalitySector #5StarHotel #ExhibitionShowcase #MICEHotel #Tourism Aagman Baury Tarun Gupta Kunal Jain Disha Arora Rakesh Pasbola Pradeep Kumar Ludhani @Anuraag Bhatnagar Megha Ajgaonkar Raghav Khosla Tarang Khosla Dharam Dutt

Schloss Bangalore, the owner of India’s luxury hotel chain ‘The Leela’, filed for a Rs 5,000 crore ($599 million) IPO on Friday, seeking to capitalize on the booming stock market. Schloss is the latest in a wave of Indian companies going public, as the market continues to surge, trailing only the Nasdaq and S&P 500 in performance this year.Schloss plans to issue fresh shares worth Rs 3,000 crore, while shareholder Project Ballet Bangalore Holdings (DIFC), an affiliate of Brookfield Asset Management, will sell shares valued at Rs 2,000 crore. The company, which currently operates 12 luxury hotels across India, aims to expand by adding eight more properties by 2028. Proceeds from the fresh share issue will be used to reduce debt. Investor interest in the sector has been fueled by steady travel demand and successful IPOs from hotel chains like Samhi Hotels and Juniper Hotels. #schlossbangalore #theleela #ipo #stockmarket #luxuryhotels #indianstockmarket #brookfield #hospitalitysector #indianipo #travelindustry #investors #hotellistings #samhihotels #juniperhotels #hotelipo #leelahotels #leelahotelsipo

Luxury hotel chain Leela Palaces has filed draft papers with the Securities and Exchange Board of India (SEBI) to raise Rs 5,000 crore through what is poised to be the largest-ever initial public offering (IPO) in India's hospitality sector. Schloss Bangalore, which operates a network of palaces, hotels, and resorts under The Leela brand, plans to raise Rs 3,000 crore via a fresh issue of shares and an additional Rs 2,000 crore through an offer-for-sale. A significant portion of the fresh issue proceeds—Rs 2,700 crore—will be used to repay debt, both for Schloss Bangalore and its subsidiaries. As of May 2024, the company’s consolidated debt stood at Rs 4,052.5 crore. Read the full story here: 👇 https://lnkd.in/dDAtsZmv #leelapalaces #luxury #hotel #investors #company #IPO #SEBI #indianstartupnews

Indian Hotels Co Limited (IHCL) shares surged over 4% today, hitting a record high of ₹796. This marked the second consecutive session of gains, fueled by Jefferies’ upward revision of the stock's target price to ₹900, reflecting a potential 20% upside from the previous close of ₹754. With an impressive 75% rally this year, IHCL has solidified its position as a top-performing stock. 📈 𝐈𝐦𝐩𝐫𝐞𝐬𝐬𝐢𝐯𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥𝐬: 👉 Q2 FY25 revenue grew 28% YoY to ₹1,890 crore, with EBITDA up 40% to ₹565 crore, improving the margin to 29.9%. 👉 PAT surged 232% to ₹555 crore, boosted by the consolidation of TajSATS. Even without this, revenue rose 16% and PAT increased 48%. 👉 H1 FY25 consolidated revenue rose 16% to ₹3,486 crore, EBITDA grew 23% to ₹1,061 crore, and PAT doubled to ₹803 crore, supported by a ₹307 crore exceptional gain. 🏨 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐆𝐫𝐨𝐰𝐭𝐡 𝐕𝐢𝐬𝐢𝐨𝐧: IHCL aims to open one new hotel every week through FY30, expanding its robust portfolio of 350 properties. Key highlights include: 👉 42 new signings in FY24, including 12 Taj properties. 👉 Expansion into Bahrain and Thimphu. 👉 Acquisition of Tree of Life and future management of Delhi’s iconic Claridges hotel. 💼 𝐃𝐞𝐦𝐚𝐧𝐝 𝐑𝐞𝐜𝐨𝐯𝐞𝐫𝐲 & 𝐅𝐮𝐭𝐮𝐫𝐞 𝐏𝐫𝐨𝐬𝐩𝐞𝐜𝐭𝐬: With October 2024 hotel revenue up 16.5% and a strong growth outlook, IHCL’s strategic execution and market resilience continue to drive its exceptional performance. As IHCL powers ahead with its ambitious roadmap, it stands as a testament to the growing potential of India’s hospitality sector. Investors and industry watchers alike will undoubtedly keep a close eye on this success story. Follow AC Agarwal for more market updates!

The Indian hospitality sector has taken the biggest step with ₹2000 crore. I believe India has always been known for its warm hospitality, where guests are treated like gods. And this tradition continues to shine today, with the country's hospitality sector growing rapidly. Ventive Hospitality, a joint venture between Panchshil Realty and Blackstone, is set to take the next big step with a Rs. 2,000 crore IPO. Ventive manages 17 assets, including 13 hotels and 4 mixed-use properties. They plan to use the IPO funds to expand their portfolio, including new luxury hotels in India and abroad. Additionally, with a portfolio featuring brands like Marriott and Ritz-Carlton, Ventive is already India’s third-largest hospitality platform by earnings. They are setting the stage for even greater milestones with their upcoming projects and expansion plans, promising a strong future for Indian hospitality. I believe the question now is: how will this shape the next era of luxury and innovation in hospitality?

India's hospitality sector is booming, with a surge in investments in 2023 ($401 million, JLL India) but managing hotels remains complex due to high opex and dynamic market conditions. In my previous blog, I categorized hotel investors into two groups: 1. Aspirational Investors: Driven by the allure of luxury hotels or past business success, they may underestimate the hospitality industry's challenges. 2. Real Estate Investors: Focused on ROI, they may lack operational expertise to maximize returns. Curio Capital is bridging this gap by creating a hospitality fractional ownership and asset management model. We aim to: • Simplify hospitality investments for a broader audience. • Make hospitality ownership a viable option for everyone's portfolio. • Partner with experienced operators to ensure operational excellence. Our vision is to become India's first Hospitality #SM #REIT offering investors a secure and professionally managed entry into this exciting asset. Currently in our 1st phase we are focused on boutique luxury holiday homes & farmhouses, with an opportunity in #Goa going live in a week. Stay tuned to know what exciting opportunities we have in pipeline for phase 2, which will focus on another asset within the hospitality industry. Got clicked at the iconic Rambagh Palace Taj Hotels The Indian Hotels Company Limited (IHCL) #Hospitality #Luxury #SMREIT #Fractionalownership #Holidayhomes #FnB #Hotels #Investments

Luxury hotel chain Leela Palaces has filed draft papers with the Securities and Exchange Board of India (SEBI) to raise Rs 5,000 crore through what is poised to be the largest-ever initial public offering (IPO) in India's hospitality sector. Schloss Bangalore, which operates a network of palaces, hotels, and resorts under The Leela brand, plans to raise Rs 3,000 crore via a fresh issue of shares and an additional Rs 2,000 crore through an offer-for-sale, as per the company’s Draft Red Herring Prospectus (DRHP). A significant portion of the fresh issue proceeds—Rs 2,700 crore—will be used to repay debt, both for Schloss Bangalore and its subsidiaries. As of May 2024, the company’s consolidated debt stood at Rs 4,052.5 crore. #leelapalaces #luxury #hotel #investors #company #news #indianstartupnews