Kamat Hotels (India) Limited was incorporated on 21st March, 1986 in the State of Maharashtra by Late Mr. Venkatesh Krishna Kamat and his associates with the main object of setting up and running of hotels and related business. The Company obtained the Certificate of Commencement of Business on 31st March, 1986.
Kamat Hotels (India) Ltd. (KHIL),is engaged in the business of hospitality and allied businesses, and its activities may be broadly categorized into (i) operation of hotels owned by the Company, (ii) management of hotels owned by other parties under contract (iii) catering services and (iv) timeshare.
KHIL has firmly established four hotel brands viz. The Orchid – An Ecotel Hotel in the 5-Star segment and VITS Luxury Business Hotel in the 4-Star segment, Gadh Hotels and Lotus Resorts. The focus of the Company is in positioning its hotels to the business segment in the mid to up-market category. In addition, the Company consciously follows the policy of environment conservation in the operation of its hotels in all aspects viz. design, construction and operations. This environment positioning gives a duel advantage to the Company in terms of marketing & visibility coupled with lower cost of operations.
In Asia, The Orchid Hotel – Ecotel, Mumbai, was the first to receive the Ecotel certification. Both The Orchid – An Ecotel Hotel and VITS have consistent past performance in terms of being in the top three hotels in the city of Mumbai in the respective category in terms of average revenue per room.
The average occupancy level of The Orchid, Mumbai, was, around 60% as compared to 62% in the previous year. The average occupancy level of VITS Mumbai was around 70% as compared to 71% in the previous year. The Average Room Rate, during the year under review, was at Rs. 5,213/- at The Orchid, Mumbai as compared to Rs. 5,127/- in the previous year and at Rs. 3,148/- at VITS, Mumbai as compared to Rs. 3,281/- in the previous year.
The total turnover of the Company for the year was recorded at Rs.15,679.06 lakhs (of which the turnover of Rs. 7,335.32 lakhs pertains to The Orchid, Mumbai, Rs. 2,762.05 lakhs to VITS, Mumbai and Rs. 5,581.69 lakhs to other units) as against Rs. 16,287.26 lakhs in the previous year, a decrease of around 3.73% over the last year. The Company has registered loss after tax of Rs. 23,260.69 lakhs as compared to loss of Rs. 566.39 lakhs in the previous year.
The Company is having management contracts for managing hotel and restaurant properties at Aurangabad, Pune, Bhubaneswar and Mahad (Discontinued w.e.f 01.04.2014). The Company is also having franchisee agreement for properties at Lotus Resort Silvassa, Vithal Kamats Original Family Restaurants at Titwala, Ale Phata, Trimbakeshwar, Shahapur, Solhapur, Hinjewadi and Mulsi – Dam (Paud).