Founded 1971 | ||
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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.
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.