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CARE revises rating of James Hotels’ long term bank facilities

18 Jul 2014 Evaluate

Credit rating agency, CARE has revised rating of James Hotels’ long term bank facilities (Term Loan) worth Rs 78.28 crore to ‘D’ from ‘BB-’. The revision in the rating factors in recent delays in debt servicing by James Hotels.

James Hotels’ carrying out a business of Hotel & Restaurant under the name of Park Plaza having 138 rooms (including suits, premium, deluxe and luxury rooms), restaurants, bar, banquet halls, health club and spa. The hotel is a 5-start category hotel and is situated on a land of 86,424.93 square feet at block 10, Sector 17, Chandigarh.

Peers
Company Name CMP
Indian Hotel 635.75
ITC Hotels 154.50
EIH 309.00
Chalet Hotels 760.80
Mahindra Holi.&Resor 254.20
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