Five properties of Sinclairs Hotels to resume operations effective 16th June, 2021

Sinclairs Hotels Limited is pleased to announce that the company's hotels at Siliguri, Dooars, Darjeeling, Kalimpong and Burdwan will resume limited operations effective 16th June 2021. This follows the relaxation in restrictions announced by the Government of West Bengal on 14th June 2021.

The other three hotels at Gangtok, Port Blair and Ooty shall remain closed till 21st June 2021. The Company is awaiting announcement of relaxation of restrictions by the respective State Governments / Union Territory.

The company has sponsored the vaccination of all its staff members and a majority of them have been vaccinated. The Company has decided that only vaccinated staff would be on duty at all its properties.

With vaccination happening around the country at a fast pace, it is expected that the travel restrictions would soon be eased further and tourist movement all over the country is expected to gain momentum. All the eight Sinclairs properties have been maintained in excellent condition during the closure and with full safety protocols in place are ready and look forward to receive and serve guests again.

The hospitality industry analysts expect a rush of travel once the restrictions are eased, on account of the pentup demand which has virtually brought travel to a halt for well over a year. The Company has been receiving regular enquiries from business and leisure travelers regarding the opening of its properties and expects a surge in bookings as witnessed when the properties opened for business after the first wave of the pandemic.

Shares of SINCLAIRS HOTELS LTD. was last trading in BSE at Rs.72.25 as compared to the previous close of Rs. 70.9. The total number of shares traded during the day was 408427 in over 2708 trades.

The stock hit an intraday high of Rs. 83.15 and intraday low of 70.5. The net turnover during the day was Rs. 30559934.

Source : Equity Bulls

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