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Deal Curry
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Deal Curry

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Deal Curry

  1. 1. Home >> Private Equity >> Retail / Leisure/ Travel/ Textile >> IntelliStay Hotels Plans To Raise PE Funding IntelliStay Hotels Plans To Raise PE Funding By : Deeshesh Chheda | 14 March 2011 Industry : Retail / Leisure/ Travel/ Textile Category : Private Equity IntelliStay Hotels Pvt Ltd, that owns and operates theMango Suites, is looking to raise funds through private equity route. The funds would be used in acquiring new properties and expanding the network. Founded in 2007 by Prashanth Rao Aroor, IntelliStay Hotels, currently operates 350-rooms across 5 Mango suites and plans to increase it up to 200 hotels over the next 3 years with atleast 10,000 rooms. Transaction Reference: Economic Times KVEZAR View Details of This Transaction View 78 similar transactions View 36 funds with similar holdings View 14 similar Public companies View 48 similar Private companies The company plans to add most of the properties in tier II and III cities. It is aimimg to have 30 hotels by the end of this calendar year. IntelliStay was started with a capital of $15 Mn, which was raised from two HNIs - Nextt Management and OM Dayal Group in Uddupi , Karnataka. The hotels doesnt have any food and beverage segment and instead had tied-up with local restaurants and caterers for food service, thereby saving cost both in operations and workforce. Peppermint Hospitality India Pvt Ltd, that runs Peppermint Hotels, is also planning to raise funds for its expansion plans. Some other players in this space are Ginger Hotels of the Tata Group, Ista Hotels of IHHR Hospitality Private Limited which is backed by Morgan Stanley and Warburg Pincus backed Lemon Tree Hotels. According to CARE report, the Indian hotel industry is estimated at Rs. 15,000 Cr in FY10 and is estimated to grow at a CAGR of 11.8% over the next five years to Rs. 26,200 Cr in FY15. This includes both, the revenues from the domestic and international travelers. 4086 17192 1339 24141 3812 42 935 1606 448 4248 3099 956 25189 32293 2920 133 Tags IntelliStay Hotels Pvt Ltd, Mango Suites ,Prashanth Rao Aroor , OM Dayal Group , Nextt Management ,Peppermint Hospitality India Pvt Ltd ,Peppermint Hotels ,Ginger Hotels , Ista Hotels, IHHR Hospitality Private Limited ,Warburg Pincus , Lemon Tree Hotels , CARE , Related Century 21st To Acquire Jay Ambe Gowri Chem Peepul Capital Plans To Sell 35% in ABCL Warburg Pincus Exits DB Corp, Sells 3.6% For 157 Cr Piramal Healthcare Buys 5.5% Stake In Vodafone Essar Fortis Healthcare Intl Buys 65% in Vietnams Hoan My Medical For $64 Mn Former Actis Partner Subba Rao Launches $250 Mn Fund, LotusPool Capital ChrysCapital Sells 2.5% Stake In Idea Cellular For Rs 751 Cr Snapdeal Gets $40 Mn From Bessemer, Nexus Venture And IndoUS Venture Cox And Kings May Acquire UK Travel Firm Holidaybreak Bigshoebazaar Raises Rs 40 Cr From Catamaran Ventures, Nexus Ventures PREVIOUS ARTICLE Mount Kellet And Others To Invest Rs 410 Cr In Medplus Health NEXT ARTICLE Phoenix Mills To Raise R1000Cr Via QIP Readers Comments Post a Comment >>
  2. 2. KVEZAR VIEW DEAL TRACKER FOR Date Transaction Type Buyer Size ($mn)14/03/11 IntelliStay Hotels - Fund Raising Private Equity Looking For - RECENT TRANSACTIONS IN THE SECTOR Date Type Buyer Target Size ($mn) State02/05/12 Private Equity APG Fund Lemon Tree Hotels Private Limited (Krizm Hotels Private Limited) 123.34 Completed25/04/12 Private Equity New Silk Route Partners LLC Adiga Fast Food Private Limited - Completed19/04/12 M&A Samhi Hotels Private Limited Royal Orchid Ahmedabad Private Limited (Formerly Satkar Realties Private Limited) 12.91 Completed18/04/12 M&A Mahal Hotel Private Limited Chennai Hotel Project - Completed PROFILES Company Name Promoters Office Competitor Website IntelliStay Hotels Private Limited Aroor Prashanth Rao 1 st Floor, Shankar Vittal, Emporium Nandi Gudda Road. www.intellistayhotels.com All Comments Readers RecommendationsPREVIOUS ARTICLE Mount Kellet And Others To Invest Rs 410 Cr In Medplus Health NEXT ARTICLE Phoenix Mills To Raise R1000Cr Via QIPNews by SectorAgro/Food & BeverageBanking/Financial ServicesCleantechDefenseEnergy / UtilitiesGeneralInfrastructureMediaRetail / Leisure/ Travel/ TextileTechnologyTransport/LogisticsAirlines / AutosBasic IndustriesConsumer GoodsEconomicsEngineeringHealthcareLearningReal EstateServicesTelecom DealforwardsA Decade Old Pharma Firm Looking For A Strategic InvestorEstablished Direct To Home Retailer Looking For An MBO BackingEstablished DTH Retailer Looking For A MBO BackingWest India Based Logistics Firm Looking For AcquisitionsMost ViewedApr 30, 2012... Roquette Freres Acquires Riddhi Siddhis Starch BizApr 30, 2012...1 Navis Capital May Invest R150cr In Twilight Litaka PharmaMay 2, 2012... IFC May Invest In Inabensa Bharat, Mahindra SolarMay 2, 2012... Husk Power System To Raise $5-10Mn In Series A FundingApr 30, 2012... Aditya Birla Nuvo To Acquire Pantaloon Format Business
  3. 3. CARE Lemon Tree Hotels Warburg Pincus Acquisitions RetailerSellout MBO IHHR Hospitality Private Limited IstaHotels OM Dayal GroupPrashanth Rao Aroor Mango Suites Nextt ManagementPeppermint Hospitality India PvtLtd Ginger Hotels Peppermint Hotels IntelliStay Hotels Pvt LtdLatestPollsRSSe-NewsletterSubscribeMemberShipRegisterLoginForgot PasswordDealCurryAbout UsContact UsFacebookLinkedinTwitterAdvertiseBrowse by CategoryDealForwardsDEBTEditorialEquityGeneral
  4. 4. I.P.O. / OfferingsMergers & AcquisitionsOpinionPeoplePrivate EquityReal AssetsRegulatoryVenture CapitalBrowse by IndustryAgro/Food & BeverageAirlines / AutosBanking/Financial ServicesBasic IndustriesCleantechConsumer GoodsDefenseEconomicsEnergy / UtilitiesEngineeringGeneralHealthcareInfrastructureLearningMediaReal EstateRetail / Leisure/ Travel/ TextileServicesTechnologyTelecomTransport/Logistics Home | Copyright | About EagleEye | Privacy | Terms of Services | RSS | Contact Us | Advertise Copyright © 2011 EagleEye Research & Media Pvt. Ltd. All rights reserved. This material may not be published, broadcast, rewritten or redistributed in any form without prior authorisation. Your use of this website consitutes acceptance of EagleEye Research & Media Privacy Policy and Terms & Conditions.

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