The 5-year analysis of Advani Hotels & Resorts (India) Ltd's performance infers:
We analysed the performance of Advani Hotels & Resorts (India) Ltd share prices over the last 10 years. Here is what we found out:
Advani Hotels & Resorts was incorporated on March 13, 1987, at Mumbai and obtained itâ€™s Certificate of commencement of business on July 15. The company has been promoted by Sunder G. Advani and Haresh G. Advani. The promoters of the company have been in the hotel industry for more than 35 years.
The company was originally promoted in technical and financial collaboration with Ramada (UK) Limited for setting up a 5-star luxury beach resort at Varca, Goa. Today, Ramada
The company was originally promoted in technical and financial collaboration with Ramada (UK) Limited for setting up a 5-star luxury beach resort at Varca, Goa. Today, Ramada International is a part of Wyndham Worldwide, U.S.A. Wyndham Worldwide is one of the worldâ€™s largest hotel and real estate brokerage franchisor, the world's largest vacation ownership organisation and one of the world's largest car rental operators.
The company is managing a 5-star deluxe luxury beach resort, 'The Ramada Caravela Beach Resort', which is spread over 23 acres, comprising of 192 rooms, 4 suites and 6 villas with private balconies, which overlook the landscaped gardens, the golf course and the Arabian Sea. The resort is located on the serene white sands of Varca beach, Goa. The resort which gives a picture of authentic Hawaiian architecture has been designed by Wimberley, Allison, Tong and Goo - the creators of the famous Sun City. The Ramada Caravela Beach Resort has been the recipient of the Best Hotel Resort Award in 1998, at ITB (International Tourisms - Boerse) in Berlin.
In 1995-96, the company set up a flight kitchen namely, the 'Airport Plaza' as an ancillary business. The 'Airport Plaza', is located 3 minutes away from the airport on 1.5 acres of land and caters to several domestic and international charter flights. Apart from being a flight kitchen, it also has a restaurant, bar, banqueting facilities.
In 2000-01, the vompany formed a subsidiary company namely, â€˜Advani Pleasure Cruise Company Pvt. Ltd.â€™ in collaboration with CAI Casinoinvest International GMBH Austria, to carry on the business of a Casino and restaurant on board a pleasure cruise in and around Goa. The cruise ship has the only live gaming, full-fledged casino on board in India.
The company undertook to set up a 5-star luxury resort comprising 140 rooms (including 6 villas) in a terraced garden pattern in an estate on the Lova beach Veria Goa. Gherzi Eastern Ltd; was to provide detailed architectural planning & designing of technical installation & utilities as also day-to-day supervision at the site through out the implementation of the project. The project was expected to be commissioned by October/November. However due to non-availability of the company's hotel from `Ramada Hotel' to Ramada Renissance Resort' the completion was delayed. The soft opening of Ramada Renaissance Resort was made in June to April 1991.
The company had entered into an agreement with Ramada (UK) Ltd. for pre and post opening technical marketing & sales assistance assistance in recruiting & training of personnel etc. The company would be linked to Ramadas computerised reservation system operated throughout its sales offices worldwide.
Advani Hotels & Resorts, which pioneered the offshore casino and restaurant business in Goa a decade ago, is planning to exit the business.At a recent board meet, the promoters decided to explore the option of disposing of the company's investment in the casino subsidiary, Advani Pleasure Cruise (APCCPL).