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Cox & Kings advances on plan to open new Hotel in Berlin

Cox & Kings Ltd. | Travel Services | Travel & Hospitality | BSE: 533144 | NSE: COX&KINGS

19 Mar 2015 Evaluate

Cox & Kings (India) is currently trading at Rs. 329.20, up by 0.45 points or 0.14% from its previous closing of Rs. 328.75 on the BSE.

The scrip opened at Rs. 330.00 and has touched a high and low of Rs. 332.00 and Rs. 327.50 respectively. So far 8146 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 366.30 on 16-Sep-2014 and a 52 week low of Rs. 145.25 on 07-May-2014.

Last one week high and low of the scrip stood at Rs. 332.00 and Rs. 307.50 respectively. The current market cap of the company is Rs. 5559.45 crore.

The promoters holding in the company stood at 47.98% while Institutions and Non-Institutions held 39.21% and 12.61% respectively.

Cox & Kings owned Meininger Hotels and NDC Group have signed a contract for a new Meininger hotel in Berlin located directly at East Side Gallery and close to the railway station Berlin Ostbahnhof. The Meininger Hotel Berlin East Side Gallery is going to open in autumn 2016. It will be the 5th Meininger hotel in Berlin. Meininger currently operates 16 hotels in 10 European cities. Meininger has ambitious plans for growth, and is keen to establish a presence in all key European cities within the next five years.

The new building will feature 206 rooms and 704 beds on 7 floors, well-equipped with TV, free Wifi and en-suite bathrooms with high quality facilities. The basement area will offer underground parking for 17 cars. All public spaces will be located on the ground floor, like lobby, lounge, breakfast area and bar as well as guest kitchen and game-zone which are typical for all Meininger hotels. The hotel will have a gross floor area of 6,000 sqm. The lease agreement is termed for 25 years.

Cox & Kings is the longest established travel company in the world since 1758. It operates across 4 continents and 25 countries. In India, Cox & Kings has 12 branch sales offices and 150 Franchisee located across the country.

Cox & Kings Share Price

1.63 0.00 (0.00%)

10-Feb-2022 18:01 View Price Chart

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