Hotel Corporation of India Limited (HCI)

Hotel Corporation of India Limited (HCI) 

 

 

DISINVESTMENT OF HOTEL CORPORATION OF INDIA LTD.

The Cabinet Committee on Disinvestment has also approved the sale of Centaur Hotel Airport Mumbai to M/s A.L. Batra for a price of Rs.83.00 crores.

The operating results of the hotel are:

Centaur Hotel Airport Mumbai [Category- 5 Star, No. of Rooms-288 (comprising of 300 room units), Employees-765 (Executives-194, Non-Executives-571)]

Area – 30.047 sqm (on 29 years’ lease up to 2029 from the Airport Authority of India) Built up Area – 26,328 sqm; FSI (Floor Space Index) consumed – 1.03 against permissible FSI of 1.50.  Highest point is 23.8m against the permissible height of 24m.


 

ARR* (Rs)

Occupancy Sales
(Rs. crores)

Salaries & Wages 
(Rs. Crores)

Gross Operating Profit/Loss
(Rs. Crores)

Net Profit/Loss
(Rs. Crores)

1995-96

2762

-

38.76

6.21

18.47

18.12

1996-97

3424

77%

41.84

7.55

19.13

18.79

1997-98

3391

70%

40.74

8.62

14.88

14.55

1998-99

3287

59%

37.09

8.83

11.65

11.18

1999-00

3143

37%

27.11

8.66

1.03

0.69

2000-01

2877

54%

30.90

13.13

(-)2.30

(-)3.24

* Average Room Rent