The Indian Hotels Company Limited CC-Sep23.pdf · 2023-10-27
Sir, two questions , o ne is on your initial remarks where you mentioned that the US hotel businesses have been underperforming, likely expected to remain stable or turn out to be a better performer after 5 to 6 quarter from here on, so exactly what gives us this confidence of this turn around kind of a thing , is there anything happening or going to happen at a maximum level in the US or there is some change in strategy from our end tha t would lead to stabilization of the hotel?
Second on the capital allocation , I know you have already answered this, what you have mentioned is that we have multiple options as of now for the allocation like en hancing stake across few JVs or subsidiaries, inorganic growth renovations , so looking for assets which are under SARFAESI. Barring this, do we have any other concrete plan or we have covered almost everything on today? Or is there any change in strategy to have 55-45 manage and own property? Are we going back to having more of an owned or managed property? Just curious to know where exactly do we plan to allocate these particular kinds of liquid fund, which we have as on date?