
Grand Continent Hotels Ltd.
Grand Continent
₹ 0.00
0.00 (0.00)%
NSE
BSE
Hospitality
Small-cap - With a market cap of ₹2.38 Cr.
No Subsidiaries Data available
Grand Continent Hotels Limited was originally incorporated as a private limited company under the Companies Act, 1956 in the name and style of ‘Grand Continent Hotels Private Limited’ pursuant to certificate of incorporation dated November 11, 2011 issued by the RoC, Chennai, Tamil Nadu. Subsequently, the company was converted into public limited company pursuant to special resolution passed in the EGM held on May 27, 2024, and consequently, the name of the company was changed to ‘Grand Continent Hotels Limited’ and a fresh certificate of incorporation dated August 30, 2024 consequent upon conversion from private company to public company was issued by RoC.
Grand Continent Hotels operates in the mid-scale hotel sector, consisting of the upper-mid priced, mid-priced and economy hotel segments. It seeks to cater to Indian middle-class guests and business travellers and to deliver differentiated yet superior service offerings, with a value-for-money proposition. For majority of its hotel properties, it has trademark license agreement/franchisee agreements with Sarovar Hotels and/or Royal Orchid Associated Hotels where through such franchisee partners the Company is able to supplement its sales and marketing efforts and generate leads for those hotel properties. The licensor/franchisee partners are paid a fixed percentage on the gross revenues from such hotel properties. All such properties will be under ‘own brand’ or ‘Co-branded’ with franchisee partners under trademark license agreement /franchisee agreements.
Its Promoter, Ramesh Siva, who is also its Chairman and Managing Director, has decades of experience in the hotel and hospitality industry. The leadership team of the Company has extensive experience in identifying hospitality destinations and securing of hotels under lease considering factors such as Location, economic potential, target customers and branding.
Business area of the company
Grand Continent Hotels operates in the mid-scale hotel sector, consisting of the upper-mid priced, mid-priced and economy hotel segments.
History and milestones
