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CARE assigns ‘BB+’ rating to long term bank facilities of CHL

12 Jun 2014 Evaluate

Credit rating agency, CARE has assigned ‘BB+’ rating to long term bank facilities worth Rs 60 crore of CHL. The rating assigned to the bank facilities of the company is constrained by the moderate scale of operations, project execution risk associated with the renovation project, off-take risk for the project being undertaken by its subsidiary, high exposure to its subsidiary, competition from the existing hotels and cyclical nature of the hotel industry.

CHL is engaged in the hospitality business. It owns and manages a hotel by the name of ‘The Suryaa’ located at New Delhi. Suryaa has been operational since October 1982. It is a 5-Star hotel having 242 rooms, two dining restaurant, one coffee shop, bakery shop, bar, fitness centre and 4 halls for conference and banquet facilities.

CHL Share Price

31.63 -0.32 (-1.00%)
20-Apr-2026 14:00 View Price Chart
Peers
Company Name CMP
Indian Hotel 661.05
ITC Hotels 162.40
EIH 331.20
Chalet Hotels 791.35
Mahindra Holi.&Resor 270.05
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