Sinclairs Hotels Ltd Share Price

History of Sinclairs Hotels Ltd

Sinclairs Hotels Limited, formerly known as Sinclairs Hotel and Transportation Private Limited was incorporated in 1971, as a Private Limited Company. The Company was converted into a public limited company and the name of the Company was changed from Sinclairs Hotels & Transportation Limited to Sinclairs Hotels Limited w.e.f. 5th October 2005. The Company is engaged in the business of star category hotels. To reflect its business, the name of the Company was renamed to Sinclairs Hotels Limited. It presently operates in the hospitality sector and runs a chain of 9 hotels and resorts under the brand 'Sinclairs', namely, Sinclairs Burdwan, Sinclairs Siliguri, Sinclairs Darjeeling, Sinclairs Retreat Kalimpong, Sinclairs Retreat Dooars in West Bengal; Sinclairs Gangtok and Sinclairs Yanga ...ng in Sikkim; Sinclairs Retreat Ooty in Tamil Nadu and Sinclairs Bayview Port Blair in Andamans. As on March 31, 2025, Sinclairs Hotels has a presence across nine destinations within the country and the Company is in the process of further expansion. The Company has taken on lease a 56 rooms property Sinclairs Udaipur and commenced operations from 31t October, 2024. This company is promoted by Sinclair Freight and Chartering Consultants (SFCC). Resulting this, SFCC was amalgamated with SHTL through Kolkata High Court Order and the Company was converted into a Public Limited Company in November 1981. In the year 1997-98, Benchmark Homes & Resorts Ltd. was amalgamated with the Company. The company's luxury resort at Chalsa Hill Top in the Dooars region, West Bengal commenced operations during the year 1999-2000. It has an unique Ayurvedic Rejuvenation Centre which provides specialised ayurvedic therapies. During the period 2005-06, the Company took up refurbishing and renovation for expansion in present chain of five properties. A state-of-the art health club with spa was set up at Siliguri Hotel. . Also a large banquet hall with an expansive terrace was added to the property. 18 new rooms also added at Port Blair. In Port Blair, 22 new room were further made operational during 2008. In order to strengthen the capital base and fund the growth plans of the Company, a preferential allotment of 353384 Equity Shares and 25,35,266 Warrants was made to Xander Group Inc, of USA Strategic Investor, Meridia Capital Group of Spain and Morgan Creek Group of USA-Other Investors and the Promoters Group. The Company formed a fully owned subsidiary Sinclairs Management Education Co. Pvt Ltd. during 2007-08. During 2010-11, the Ooty Hotel was renovated which opened for operations. The work on the luxury tourist project at Burdwan also begun. Kolkata hotel project progressed during the year. The Whitefield Hotel in Bengaluru - Savannah Sarovar Premiere, was acquired by the Company on 31st October, 2011. Savannah Hotels Private Limited became an Associate during FY 2012-13. The Company's luxury resort project Kalimpong started operations from November 15, 2014. Besides, the upscale tourist resort of the Company at Burdwan commenced operations from November 1, 2015.