Grand Continent Hotels Ltd

Founded in 2011, Grand Continent Hotels Limited is a hotel chain in India. The company caters to the mid-market segment, operating 19 properties across six major Indian cities, offering over 900 rooms.Each hotel is strategically located in prime urban areas, designed to meet the diverse needs of both business and leisure travelers.Grand Continent Hotels elevates customer experience by providing straightforward service interactions, user-friendly infrastructure, and a commitment to delivering value for money. They prioritize sustained service levels, availability, and regularly benchmark and update their services to meet evolving guest expectations.As of September 30, 2024, the company and JV Partner Entities operate 16 hotels with 753 keys across Karnataka (Bengaluru/Mysuru), Tamil Nadu (Hosur), Goa (Anjuna/Morjim), Andhra Pradesh (Tirupati), and Telangana (Secunderabad).The company serves Indian middle-class guests and business travelers with differentiated, comfortable services and value-for-money propositions.Each Grand Continent Hotels property is equipped with modern amenities and services, including:Well-furnished rooms with comfortable bedding, air conditioning, and workspacesOn-site dining options serving a variety of cuisinesConference and banquet facilities for business meetings and events24/7 front desk and customer support.Complimentary Wi-Fi and business services.Easy accessibility to transport hubs and commercial areas.As of September 30 2024, the company had 538 employees in various departments.Competitive StrengthPremium hospitality offerings in the mid-priced segment.Strategically located properties at prime areas.Proven track record of adding value through active asset management.Professional and experienced management team.Well-positioned to benefit from strong industry tailwinds.

Grand Continent Hotels Ltd proposes to utilise the net proceeds from the Issue for the following objects: