
Prestige Hospitality Ventures
Open Date
TBA
Close Date
TBA
Listing Date
TBA
IPO Doc
RHP PDFAbout Prestige Hospitality Ventures
Prestige Hotel Ventures is a luxury, upper upscale, and upper midscale hotel asset owner and developer company with business and leisure traveler segments in India. It is promoted by the Prestige Group and is backed by Prestige Estates Projects Limited (PEPL), a 38-year-old experienced real estate developer with a market capitalization of ₹729.66 billion as on December 31, 2024. PEPL has a presence in residential, commercial, hospitality, and retail segments. PEPL's portfolio consists of Operating, Ongoing, and Upcoming Hospitality Assets. The portfolio as of December 31, 2024, consists of: Seven Operating Assets with 1,445 keys (including one undergoing renovation with 190 keys) Three Ongoing Assets with 951 anticipated keys Nine Upcoming Assets with 1,558 anticipated keys. The hotels owned by the company are situated in key Indian cities such as Bengaluru, Delhi-NCR, Mumbai, Goa, Hyderabad, and Chennai. As of December 2024, the business had 1,638 permanent staff.
Prestige Hospitality Ventures IPO - Issue Objectives
• Repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by the Company • Material Subsidiaries, namely, Sai Chakra Hotels Private Limited and Northland Holding Company Private Limited, through investment in such subsidiaries • Pursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes
Objectives
• Repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by the Company • Material Subsidiaries, namely, Sai Chakra Hotels Private Limited and Northland Holding Company Private Limited, through investment in such subsidiaries • Pursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes
Financials of Prestige Hospitality Ventures
In Cr.
Revenue: ₹1,012.93
Profit: ₹67.79
| Key Performance Indicator | 31-Dec-24 (In Cr.) | 31-Mar-24 (In Cr.) | 31-Mar-23 (In Cr.) | 31-Mar-22 (In Cr.) |
|---|---|---|---|---|
| Revenue | 1012.93 | 1024.64 | 1049.26 | 320.86 |
| EBITDA | ||||
| Expenses | ||||
| Profit After Tax | 67.79 | 161.78 | 156.20 | 86.16 |
| Assets | 3822.24 | 3729.88 | 3330.17 | 3114.38 |
| Net Worth | 78.90 | 79.63 | 81.92 | 82.34 |
| Reserves | ||||
| Borrowing | 1752.80 | 1752.80 | 1818.29 | 1733.35 |
Contact Details
Prestige Hospitality Ventures
Prestige Falcon Tower, No.19, Brunton Road, Bangalore Urban, Karnataka, 560025
Registrar Contact Details
Prestige Hospitality Ventures IPO - FAQs
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