Le Lavoir Ltd Launches its first In‐Hotel Laundry Unit at Fairfield by Marriott, Mumbai

Le Lavoir Ltd (BSE: 539814), India's first and sole publically listed laundromat company, announces the inauguration of its first in‐hotel laundry unit at Fairfield by Marriott, Mumbai International Airport. This strategic initiative, in collaboration with Associated Hospitality Private Limited (AHPL), signifies a major advance in Le Lavoir's approach to providing laundromat services to the hospitality sector.

The newly launched in-hotel laundry unit at Fairfield by Marriott is designed to offer:

- Enhanced Operational Efficiency: Reduced turnaround times due to services within the premises, ensuring prompt service for guests.

- Superior Quality Control: On-site facilities allow for meticulous monitoring of processes, ensuring better standards of cleanliness and fabric care.

- Sustainable Practices: The unit employs eco-friendly technologies and processes which cut down energy and water consumption, aligning with global sustainability goals and reducing the hotel's carbon footprint.

Dr. Ashoak Kumar Jain (alias Ashok Dilipkumar Jain), Director‐New initiatives and Chairman of Le Lavoir Ltd, stated, "Our collaboration with Fairfield by Marriott marks a significant milestone in our journey. By bringing our services directly into the hotel, we aim to redefine guest experiences and set new benchmarks in hospitality laundry services."

The Indian laundry service market is witnessing rapid growth, with increasing demand for organized and efficient serices. Le Lavoir's pioneering approach positions it at the forefront of this evolving industry, offering scalable and high-quality services across India to meet the dynamic needs of the hospitality industry. The company has recently concluded a successful fund-raising of Rs 100 crore, and is set to expand its presence across India over the next two years. In addition to Mumbai, Le Lavoir will expand its operations to Delhi NCR, Bengaluru, Chennai, Hyderabad, Kolkata, Pune, Goa, Ahmedabad, Jaipur, and Surat. These cities have been selected based on their hospitality industry growth, business activity, and tourism potential.

Shares of LE Lavoir Ltd was last trading in BSE at Rs. 339.15 as compared to the previous close of Rs. 357.00. The total number of shares traded during the day was 844 in over 14 trades.

The stock hit an intraday high of Rs. 370.95 and intraday low of 339.15. The net turnover during the day was Rs. 300551.00.

Source : Equity Bulls

Keywords

LELavoir INE204S01012 InHotelLaundry FairfieldbyMarriott MumbaiInternationalAirport