Sinclairs Hotels Commenced Operations Of Port Blair Hotel After Up-gradation
Sinclairs Hotels Limited’s performance in the current quarter was affected on account of the closure of its iconic Port Blair property for extensive upgradation. After a complete makeover, the Port Blair unit has commenced operations in October 2018 and is registering around 40% higher ARR (Average Room Rate).
The large banquet hall at Sinclairs Retreat Dooars, has been commissioned and the Company has started receiving bookings for this facility.
The Company has received several proposals for strategic alliances, partnerships, investment and joint development, and is evaluating these proposals. A decision is expected to be taken soon and the commencement of construction of the Kolkata hotel project would be based on this decision.