Bhagwati Banquets Updates on Surat Project

Bhagwati Banquets & Hotels Ltd has announced that the Company, a recipient of "The Most Promising Small Enterprise of the Year" 2006 at Emerging India Awards 2006 By CNBCTV18, ICICI Bank powered by Crisil and recent another prestigious award of AMA - Zydus Cadila "The Marketing Man of the Year award - 2006" to its Chairman - Managing Director Mr. Narendra Somani by Ahmedabad Management Association towards his significant contribution in Food & Hospitality segment, after its successful completion of initial public issue has started the construction work for its landmark Five Star Hotel & Convention project being developed at Surat.

The Company also owns & manages a three star category Banquet Hotel "The Grand Bhagwati" at Ahmedabad situated on S.G.road, a prime business location today of Ahmedabad. It has 37 rooms and huge state of Art pillar less Banquet halls which can accommodate from 50 to 1200 people at a time with ease. It also has 3 multicuisine restaurants which are gourmet's delight. It is one of the landmark & prestigious place for all kinds of functions and conventions.

"The Grand Bhagwati Five star Hotel & Convention centre at Surat will have best of facilities and amenities for the valued guests. It will have array of facilities with world class services to offer. This Five star hotel & convention center will have the following to offer.

- Approx 100 Rooms (Deluxe rooms, Suites and Presidential Suites)

- 65,000 sq/ft of place only for Convention & Banqueting facility, which will accommodate at least 3000 people at a time with ease for any huge gatherings.

- Business centre with Board room & conference room facilities.

- 3 Multi cuisine restaurants and 24 hours coffee shop

- Two Swimming Pools, World class Spa, Discotheque, Pub, and Health Club & Salon.

- Club amenities with Billiards Rooms, Table Tennis, Squash, Tennis Court & Card Room etc.

After completion of Surat project, the additional projected turnover of the Company with the first year of operation of the project would be approx. Rs 50 Crores with operational profit of approx Rs 15 Crores.

The Company has already charted its progression plan moving further and to put up such state of Art Five Star Hotels & Convention center across India starting with Mini Metro places and than Metros, This Company has already made a name for itself and its name is considered a synonym with excellence in hospitality services, food quality and ultimate customer delight in Gujarat and with above plans in pipeline it wants to emerge as a national player in times to come.

Source : Equity Bulls

Keywords