Schloss Bangalore IPO

January 15, 2025 admin Leave a reply Post Comment

Schloss Bangalore IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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What is the business of Schloss Bangalore?

The company is the only institutionally owned and managed pure-play luxury hospitality company in India. It owns, operates, manages and develops luxury hotels and resorts under “The Leela” brand.

The Leela brand was ranked as #1 among the world’s best hospitality brands in 2020 and 2021, and among the world’s top three hospitality brands in 2023 and 2024, by Travel + Leisure World’s Best Awards Surveys. In 1986, the Late Captain C.P. Krishnan Nair laid the foundation of The Leela brand, and it has since then focused on building a luxury brand specializing in Indian hospitality. The Leela brand and properties have won over 250 awards since January 2021, which demonstrates its contribution to India’s luxury hospitality landscape.

Its mission is deeply rooted in the traditional Indian hospitality belief of “Atithi Devo Bhava” (Guest is God). Its goal is to offer its guests luxury experiences with premier accommodation, exclusivity and personalized service, inspired by the ethos of Indian hospitality. The company aims to maintain its position as a world-class luxury hospitality brand.

 As of May 31, 2024, it is one of the largest luxury hospitality companies by number of keys in India, comprising of 3,382 keys across 12 operational hotels. Its Portfolio includes The Leela Palaces, The Leela Hotels and The Leela Resorts. The company undertakes its business primarily through direct ownership of hotels and hotel management agreements with third-party hotel owners. Its Portfolio includes five owned hotels, six hotels that are managed by it pursuant to hotel management agreements  and one hotel which is owned and operated by a third-party owner under a franchise arrangement with us. It has a strategic footprint across 10 key Indian business and leisure destinations, covering 79% of international air traffic and 54% of domestic air traffic in India in the Financial Year 2024.

Its Owned Portfolio includes five iconic hotels located in the top luxury hospitality destinations in India. In addition to its Owned Portfolio, its Portfolio also includes six operational luxury hotels and resorts managed under hotel management agreements with third-party owners and one operational luxury hotel which is owned and operated by a third-party owner under a franchise arrangement.

Further, it plans to expand its Portfolio with eight new hotels, aggregating approximately 833 keys or 24.63% of existing keys through 2028 that will be either developed, owned or managed by it. These are currently in various stages of acquisition and development.

This includes a modern palace hotels in Agra (Uttar Pradesh) and Srinagar (Union Territory of Jammu and Kashmir), resorts in Ranthambore (Rajasthan) and Bandhavgarh (Madhya Pradesh), a hotel in Hyderabad (Telangana) and serviced apartments in Mumbai’s (Maharashtra) international airport district. Going forward, it intends to continue to strategically undertake future expansion across the luxury hospitality sector within India and internationally

For more information, click www.theleela.com 

Schloss Bangalore IPO GMP, Particulars & Guidance

Schloss Bangalore IPO Guidance by Paresh Gordhandas, CA & Research Analyst.
Will post our review once the price band and time schedule are announced.

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Schloss Bangalore IPO GMP

Schloss Bangalore IPO GMP today details

Schloss Bangalore IPO GMP today, Details, Guidance, Subscription Status, allotment