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Oriental Hotels eyeing to raise Rs 100 crore via bonds

06 Jan 2012 Evaluate

Chennai-based hospitality firm, Oriental Hotels (OHL) in which the Taj Group owns 34.47 percent stake, is planning to raise Rs 100 crore via 3-year bonds at 10.40 percent semi-annual coupon. The sole arranger to the deal is Yes Bank.

Oriental Hotels has a portfolio of eight hotels with a room inventory of 836 rooms, located across four states in South India. The flagship hotels for the company are Taj Coromondal, Chennai and Vivanta by Taj - Fisherman’s cove, Chennai.

Peers
Company Name CMP
The Indian Hotels Co 847.70
ITC Hotels 173.40
Mahindra Holi.&Resor 191.45
EIH 299.35
Chalet Hotels 817.55
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