Espire Hospitality Ltd Share Price

History of Espire Hospitality Ltd

Espire Hospitality Limited, formerly known as Wellesley Corporation Limited was incorporated in October, 1991. The company has been promoted by Usha (India) Ltd, the flagship company of Group Usha. The name of the Company was changed from Wellesley Corporation Limited to Espire Hospitality Limited w.e.f. 17th January, 2022. The individual core promoters of Usha (India) Ltd are Vinay Rai & Anil Rai. The Company has been primarily engaged in the business of Real Estate Services & Hotel Business. The Hotel is currently operating in the name and style 'Country Inn Tarika'. The Company is a part of the parent company Espire Group which is amongst the most progressive companies in India. The Group is a successful billion-dollar fully private enterprise with offices in India and overseas with ... an Investment Plus grade status in banking circles. Apart from Hospitality, it operate businesses covering IT solutions, Education and Infrastructure. Apart from this, the Company has a very unique and diverse portfolio. They're not only hotel owners but also hotel operators. They own India's newest and renowned luxury resort the Six Senses Fort Barwara in Ranthambore. They own and operate a mid-market resort chain under the brand name 'Country Inn Hotels and Resorts' well-established in locations like Jim Corbett, Udaipur, Mussoorie, Chail, Amritsar, Goa and Bhimtal. The Company has also been providing construction management services for group in housing projects. The Company came out with Public Issue of 35,00,000 Equity shares of Rs.10 each for cash at par aggregating Rs. 3.50 crore to part finance existing projects of company & to meet long term fund requirements for execution of various projects in hand. It is going to set up Software Technology Parks in various states and likely to take turnkey projects of construction of residential, commercial and industrial complexes with providing property management services. The Company commenced the operations of its resort at Jim, Corbett, Uttarakhand in the name and style 'Country Inn Tarika', Jim Corbett, in addition to this also exploring the possibilities of taking hotels on lease or granting brand names,by franchise models or in any other best way. Thereafter, it ventured into commercial and residential properties in the Indian real estate arena. It introduced a wide range of herbal 'Bionaturals' personal and beauty care products. In year 2022, the Company launched new brand 'ZANA Luxury Escapes' which is a confluence of luxury and top-notch hospitality. ZANA Lake Resort, Udaipur, the first resort under the newest brand was nestled on the banks of Udai Sagar Lake and offers 30 intimately-crafted rooms with inspiring experiences, nourishing cuisine, and a unique service philosophy defined as ZANA Way. The Company launched 3 new properties: Zana by the Ganges, Rishikesh, Country Inn Premier, Amritsar, and Country Inn, Ayodhya collectively adding 200+ keys to its inventory in FY 2025. Company has embarked on the development of an upper-luxury resort near Vrindavan - a high-growth leisure and spiritual destination through expansion in 2025.