Royal Orchid Hotels is in focus on the back of opening a new resort in Nashik. In an interview to CNBC-TV18, Amit Jaiswal, CFO of the company spoke at length about the same.
CNBC TV18
@moneycontrolcom
Royal Orchid Hotels is in focus on the back of opening a new resort in Nashik. In an interview to CNBC-TV18, Amit Jaiswal, CFO of the company spoke at length about the same.
Jaiswal said that we expect revenue of Rs 35 lakh from Nashik hotel.
He further said that an average revenue per room is expected to be Rs 5,500-6,000 in the Nashik property.
Talking about numbers, he said we expect consolidated FY19 EBITDA to be at Rs 50 crore.
The current debt on a consolidated basis at Rs 77 crore, he added.
For entire interview, watch accompanying video.
