Private Equity Fund Investments
LaLit hotel chain scouts for strategic investor
Debt-laden Bharat Hotels, which operates under The LaLiT brand, is looking for strategic investors for a stake sale. The stake sale will help Bharat Hotels fund property renovation, besides closing the revenue per available room gap with industry peers. The company owns and operates 12 hotels totalling around 2,250 keys, had a debt of INR 1266 crore in FY20.
From Venture Intelligence PE-VC Deals Database: In May'07, Bharat Hotels had raised INR 164 crore investment from Dubai Ventures.(Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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