Will sell realty to cut debt; eye 20% growth: Kamat Hotels

Kurian Chandy, CFO, Kamat Hotels India Ltd says, in an interview to CNBC-TV18, that the hospitality chain will sell realty to cut debt to the tune of Rs 150 crre and expects 20 percent growth in revenue in FY14.

Kamat Hotels to use CDR route to lower debt: CFO

Kurian Chandy, CFO, Kamat Hotels, says that the hotel plans to undertake corporate debt restructuring (CDR) programme to lower it debts. The hotel chain is finding it difficult to service its debt due to rise in interest rates and dipping occupancy level.

All hotels are doing exceedingly well: Kamat Hotels

In an interview with CNBC-TV18, Kurian Chandy, chief financial officer of Kamat Hotels India says, all the hotels are doing exceedingly well compared to year-on-year basis.

Kamat Hotel says FY12 revenues will swell by 15-20%

Kamat Hotels announced their results, reporting consolidated revenues of Rs 127 crore. Executive chairman and managing director, Vithal Kamat says going forward, he sees the company registering a minimum of “15% to 20% consolidated revenues” as he believes the industry is on a rise.

Kamat Hotels eyes 60% topline growth in FY12

In an interview with CNBC-TV18, Vikram Kamat, ED, Kamat Hotels says, the company is looking to consolidate its position for the next six months. “We are not looking at raising any rates,” he adds. He further says, the company is expecting atleast 60% growth in its top-line in FY12.

Board meet on March 26 to discuss merger plans: Kamat Hotels

Vithal V Kamat, executive chairman and the managing director of Kamat Hotels India said the hospitality industry in India is growing at a fast pace and witnessing strong demand.