博客動態

clients

Supertech to sell 2 hotels for around Rs 250 crore


作者:Bonnie 發表時間:2018-02-14 03:44:08 標籤:分類:

Realty firm Supertech Limited plans to sell its two hotels in Uttar Pradesh and Uttarakhand for an estimated Rs 250 crore as part of its strategy to monetise commercial assets and boost cash flow in the company.

The Noida-based firm has decided to sell Country Inn hotel in Meerut having 85 keys and Radisson hotel in Rudrapur that has 124 keys, its Chairman R K Arora said.

"We have decided to monetise two hotels outside Delhi-NCR to improve liquidity in the company," he told PTI.

date = new Date(); date.setTime(date.getTime()+(1*24*60*60*1000)); $.cookie("dfp_cookie_article", "Y1", {expires: date,path:"/",domain: ".moneycontrol.com"});

Both the hotels are 100 per cent owned by the company.

date = new Date(); date.setTime(date.getTime()+(1*24*60*60*1000)); $.cookie("dfp_cookie_article", "Y1", {expires: date,path:"/",domain: ".moneycontrol.com"});

related news

JK Tyre Q3 net profit dips 87% to Rs 11 crore

Pakistan will pay for Sunjuwan Camp attack at time of our choosing: Defence Minister Nirmala Sitharaman

Knew from very beginning Grand Alliance will not last: Nitish Kumar

Asked about the expected deal value of these two hotels, Arora said the company would appoint consultants for valuation of these two assets.

Apart from these two hotels, Supertech has three small hotels in Noida, Haridwar and Meerut and these are managed by the company itself.

Arora said the company is also looking at raising funds through lease rent discounting (LRD) against its 4.5 lakh sq ft mall in Haridwar and a 3 lakh sq ft mall in Meerut.

"We are focusing on completing all our existing projects. We require funds for construction," Arora said.

Supertech has recently raised around Rs 800 crore from Altico Capital and L&T Finance to complete ongoing projects.

The company has more than 30 ongoing projects, primarily in Delhi-NCR.

Besides its own projects, the company has decided to take up stuck projects of other builders and has tied up with Gold Souk to develop a housing project in Gurgaon with expected sales revenue of Rs 200 crore.

It is in talks with three other local builders to add more projects in its portfolio, the company's managing director Mohit Arora had said yesterday.

"There are lot of distressed real estate projects in Delhi-NCR because of slowdown in the property market. We have decided to take up such stuck projects and grow our business," Arora had said.

本文來源:http://www.moneycontrol.com/news/business/current-affairs-trends/supertech-to-sell-2-hotels-for-around-rs-250-crore-2506311.html

  • 黑眼圈奶爸Dr. 徐嘉賢醫師- #反覆發燒怎麼辦?#原因比想像中的多 ...

    反覆發燒怎麼辦?#原因比想像中的多! 「醫生,寶寶已經#反覆發燒2天了,吃藥後只退一點又燒上去,怎麼會這樣?」 燒燒退退,父母的心也隨著而七上八下。


  • fashion-premier‏ @fashionpremier

    熱浪逼人,有無發覺暗瘡已開始偷偷來襲 想擊退暗瘡,第一步當然要從清潔入手 含有3%硫磺的… https://www.instagram.com/p/Bi_3efAlZYm/?utm_source=ig_twitter_share&igshid=1m1pzz26r0tz9 …


  • 健康爱呢- Google+

    我做 爱呢 纤维原因很简单, 中国14亿人口里有4.3亿的肥胖者,现在城市生活的人百分之80,都处于亚健康,快节奏的生活状态,为了生存和生活,拼命的工作 ...