MAC Hotels Ltd.
MAC Hotels
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NSE
BSE
Hospitality
Small-cap - With a market cap of ₹47.58 Cr.
No Subsidiaries Data available
Mac Hotels, was originally incorporated as 'Mac Hotels Private Limited' at Panaji, Goa as a Private Limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated December 20, 1990 issued by Registrar of Companies, Goa, Daman & Diu. Subsequently, the company was converted into Public Company pursuant to Shareholders resolution passed at the Extra Ordinary General Meeting held on July 27, 2017 and the name of the Company was changed to ' Mac Hotels Limited ' and a fresh Certificate of Incorporation Consequent upon Conversion from Private Company to Public Company dated August 10, 2017 was issued by the Registrar of Companies, Goa, Daman & Diu.
The company's Hotels and Resorts are tourist destinations for domestic as well as international tourists and are one of the frequented hotels in Goa.The registered office of the Company is located at First Floor, Beach Plaza (Annexee), Nomxin, Caranzalem, Ilhas, Panaji, Goa. At present, it operate and manage one resort under the name “Resort Park Avenue” in Goa which is located at Umta Wado, Goa. It has also signed up with The Chocolate Room India, an Australian Chain of chocolate Cafe. It has opened two stores in Goa, in Calangute and Panjim respectively. The Chocolate Room - is one of the largest franchisees of Chocolate café chain in India.
Its promoters, Edwin E R Cotta and Edgar Maximiano Do Rosario Cotta are experienced about 25 years in the Hospitality Industry especially Hotels and Restaurants Segment. The Corporate Promoter Hotel Miramar Comfort Private is engaged in Hospitality Business. The Company has entered into Management Services Agreement (OYO Agreement) with Alcott Town Planners Private on September 09, 2017 for providing the services such as - Managing the day to day operations of the property, manage maintenance and supervision of the property, providing food and beverages services. The promoters together hold 27,88,000 equity shares representing 92.93 % of the issued and paid up equity share capital of the company.
Business area of the Company:
The company is primarily engaged in the business of owning, operating and managing hotels, restaurants and resorts in Goa since last 25 years. The Company has been incorporated with the main object to carry on the business of hotels, restaurant, cafe, caravan site, apartment house-keeper etc and related services.
Key Events and Milestones:
1990: Incorporation of the Company in the name and style of 'Mac Hotels Private Limited'
2004: Set-up of Resort Park Avenue
2014: Franchisee Agreement with The Chocolate Room(India) Private Limited
2017: The Company was converted into a public limited Company and the name of the Company was changed to 'Mac Hotels Limited'
2017: Management Service Agreement with Alcot Town Planners Private Limited ('OYO Rooms' Agreement.
