Kamat hotels India Limited
70-C KHIL HOUSE, Nehru Road, Vile Parle (East),
Mumbai
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Kamat Hotels (India) Limited was incorporated on 21st March, 1986 in the State of Maharashtra by Late Mr. Venkatesh Krishna Kamat and his associates with the main object of setting up and running of hotels and related business. The Company obtained the Certificate of Commencement of Business on 31st March, 1986.
Kamat Hotels (India) Ltd. (KHIL),is engaged in the business of hospitality and allied businesses, and its activities may be broadly categorized into (i) operation of hotels owned by the Company, (ii) management of hotels owned by other parties under contract (iii) catering services and (iv) timeshare.
KHIL has firmly established four hotel brands viz. The Orchid – An Ecotel Hotel in the 5-Star segment and VITS Luxury Business Hotel in the 4-Star segment, Gadh Hotels and Lotus Resorts. The focus of the Company is in positioning its hotels to the business segment in the mid to up-market category. In addition, the Company consciously follows the policy of environment conservation in the operation of its hotels in all aspects viz. design, construction and operations. This environment positioning gives a duel advantage to the Company in terms of marketing & visibility coupled with lower cost of operations.
In Asia, The Orchid Hotel – Ecotel, Mumbai, was the first to receive the Ecotel certification. Both The Orchid – An Ecotel Hotel and VITS have consistent past performance in terms of being in the top three hotels in the city of Mumbai in the respective category in terms of average revenue per room.
The average occupancy level during the financial year 2011-12 of The Orchid, Mumbai, with expanded capacity and VITS Mumbai was, around 62% and 79% respectively. The Average Room Rate was Rs. 5,521/- at The Orchid, Mumbai and at Rs. 3,410/- at VITS, Mumbai.
For the year ended 31st March, 2012, the Company recorded turnover of Rs. 16,391.81 lakhs (of which the turnover of Rs. 7,297.77 lakhs pertains to The Orchid, Mumbai, Rs. 3,221.18 lakhs to VITS, Mumbai and Rs. 5,872.86 lakhs to other units) and profit after tax of Rs. 99.19 lakhs
The 'Orchid Expansion', Mumbai which started its operation in the previous year is smoothly integrated with the existing property and is doing well. During the year under review, new banquet facilities were started at "The Orchid", Mumbai and VITS, Mumbai.
The Company has management contracts for managing hotel properties at Aurangabad, Pune, Baroda, Mahad and Bhubaneswar. The Company also has franchisee agreements for properties at Lotus Aronda, Lotus Silvassa, Apurva Veg Treat – Vithal Kamats, Nashik, Hotel Manali Palace – Vithal Kamats, Titwala and Planet 50-50 – Vithal Kamats, Vasai and conducting agreement for Vithal Kamats, Sanpada.
