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RARE ARC to e-auction mortgaged properties of Velan Hotels

05 Mar 2020 Evaluate

RARE Asset Reconstruction (RARE ARC) is going to e-auction mortgaged properties of Velan Hotels. An e-auction has been fixed on March 17, 2020 for sale of mortgaged properties of the company for recovery of outstanding amount due to them.

Velan Hotels is engaged in the hotel and other tourism related services. Currently, operating hotels of the company include Hotal Greenfield Tirupur,Velan hotal Coonoor and Uthra Restaurant Tirupur.

Peers
Company Name CMP
The Indian Hotels Co 726.00
ITC Hotels 162.05
Mahindra Holi.&Resor 200.20
EIH 294.90
Chalet Hotels 880.80
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