Trisha Shetty (Editor)

Sinclairs Hotels Limited

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Type
  
Industry
  
Founded
  
1971

Traded as
  
BSE: 523023

Headquarters
  
Sinclairs Hotels Limited wwwsinclairsindiacomimagesslideshowfacadevie

Area served
  
SiliguriBurdwanDarjeelingDooarsKalimpongOotyPort Blair

Key people
  
Dr. Niren Suchanti (Chairman), Navin Suchanti (CEO and Managing Director)

Website
  
www.sinclairshotels.com

Stock price
  
523023 (BOM) ₹ 374.00 -1.20 (-0.32%)22 Mar, 3:30 PM IST - Disclaimer

Revenue
  
293 million INR (2014–2015)




Similar
  
Hyatt, Lemon Tree Hotels, Neemrana Hotels

Profiles

Ideas for Profit | Sinclairs Hotels


Sinclairs Hotels Ltd. owns and operates hotels and resorts in India at Siliguri, Burdwan, Darjeeling, Dooars, Kalimpong, Ooty and Andamans.

Contents

History and growth

The company was founded in 1971 as a private limited company by a local entrepreneur from Kolkata. The first hotel was set up in Siliguri in the year 1976. The next hotel was started in Darjeeling in 1981. The company made a public issue in the year 1986 and its shares were listed in Bombay Stock Exchange and Calcutta Stock Exchange. In 1990, Dr Niren Suchanti and Navin Suchanti acquired majority control of the company. Dr Niren Suchanti is the chairman and Navin Suchanti is the CEO and managing director of the company.

Sinclairs Hotels Limited Sinclairs Hotels Limited

Thereafter, the company acquired a hotel in Port Blair in 1991 and another one in Ooty in 1995. In 1999, it commissioned a resort property Sinclairs Retreat Dooars in Chalsa in the Dooars region of West Bengal, India.

In December 2007, three established private equity firms Xander Advisors of USA, Morgan Creek of USA and Meridia Capital of Spain invested around Rs 490 million in the company's equity to fuel its growth plans.

In 2011, it acquired a majority stake in Savannah Hotels Pvt Ltd, which owns a 104-room upscale business hotel in Whitefield, Bengaluru. In 2013, the company divested its investment in Savannah Hotels.

In 2014, Sinclairs commissioned its luxury resort Sinclairs Retreat Kalimpong (46 rooms and 2 suites), in Kalimpong spread over an area of 5 acres.

In 2015, Sinclairs commissioned it upscale tourist resort in Burdwan, Sinclairs Tourist Resort Burdwan.

Sinclairs Tourist Resort Burdwan is situated at High Street 1 in Renaissance Township and spread over nearly four acres of land. It offers the finest accommodation, club and banquet facilities in Burdwan, one of the richest districts in West Bengal.

The Company has planned one more property – a 112-room business hotel in Rajarhat, the upcoming IT hub in Kolkata.

Business model

Sinclairs Hotels Ltd. operates all the seven properties owned by the company.

Future

Sinclairs is implementing a greenfield project at Kolkata.

References

Sinclairs Hotels Limited Wikipedia