Grand Continent Hotels Limited was originally incorporated as a private limited company under the Companies Act, 1956 in the name and style of ‘Grand Continent Hotels Private Limited’ pursuant to certificate of incorporation dated November 11, 2011 issued by the RoC, Chennai, Tamil Nadu. Subsequently, the company was converted into public limited company pursuant to special resolution passed in the EGM held on May 27, 2024, and consequently, the name of the company was changed to ‘Grand Continent Hotels Limited’ and a fresh certificate of incorporation dated August 30, 2024 consequent upon conversion from private company to public company was issued by RoC.
Grand Continent Hotels operates in the mid-scale hotel sector, consisting of the upper-mid priced, mid-priced and economy hotel segments. It seeks to cater to Indian middle-class guests and business travellers and to deliver differentiated yet superior service offerings, with a value-for-money proposition. For majority of its hotel properties, it has trademark license agreement/franchisee agreements with Sarovar Hotels and/or Royal Orchid Associated Hotels where through such franchisee partners the Company is able to supplement its sales and marketing efforts and generate leads for those hotel properties. The licensor/franchisee partners are paid a fixed percentage on the gross revenues from such hotel properties. All such properties will be under ‘own brand’ or ‘Co-branded’ with franchisee partners under trademark license agreement /franchisee agreements.
Its Promoter, Ramesh Siva, who is also its Chairman and Managing Director, has decades of experience in the hotel and hospitality industry. The leadership team of the Company has extensive experience in identifying hospitality destinations and securing of hotels under lease considering factors such as Location, economic potential, target customers and branding.
Business area of the company
Grand Continent Hotels operates in the mid-scale hotel sector, consisting of the upper-mid priced, mid-priced and economy hotel segments.
History and milestones
- 2011: Incorporation of the company.
- 2016: Commencement of operations of first Hotel Grand Continent - Bannerghatta Road with 24 Keys.
- 2017: Commencement of operations of Hotel Grand Continent - Malleswaram with 34 Keys.
- 2018: Acquisition of Land and building at Indira Nagar, Bengaluru.
- 2018: Acquisition of Land and building at Koramangala, Bengaluru, Karnataka, India.
- 2019: Commencement of operations of Hotel Regenta Inn - Indiranagar with 40 Keys under Royal Orchid Brand.
- 2019: Commencement of operations of Hotel Regenta Inn Grand - 8th Block Koramangala with 40 Keys under Royal Orchid Brand.
- 2022: Commencement of operations of Hotel Tulip Inn - Ejipura Koramangala with 54 Keys under Sarovar Brand.
- 2022: Commencement of operations of Hotel Regenta Inn - ORR Mahadevapura with 49 Keys under JV Partner Entity ‘Grand Continent Hotels – 1’ under Royal Orchid Brand.
- 2022: Commencement of operations of Hotel Regenta Inn - 4th block Koramangala with 25 Keys under Royal Orchid Brand.
- 2023: Commencement of operations of Hotel Golden Tulip - Tirupati with 88 Keys under JV Partner Entity ‘Grand Seven Hill Hotels’, under Sarovar Brands, for expansion into spiritual destinations.
- 2023: Commencement of operations of the following hotels under Sarovar Brand: a. Hotel Grand Continent – Hosur with 45 Keys; and b. Hotel Grand Continent - Hebbal Manyata with 48 Keys.
- 2024: Commencement of operations of Hotel Grand Continent - Secunderabad with 40 Keys under Sarovar Brands.
- 2024: Ventured into a new location at Anjuna, Goa by establishing Hotel Grand Continent - Anjuna with 44 Keys under Sarovar Brands.
- 2024: Commencement of operations of the following hotels: a. Hotel Grand Continent - Mysore with 40 Keys under Sarovar Brands; b. Hotel Grand Continent - Brookfield with 108 Keys under Sarovar Brands; c. Hotel Grand Continent - Devanhalli with 36 Keys; and d. Hotel Grand Continent - Morjim with 38 Keys.
- 2024: Expanded to 753 keys across 16 hotels located at states viz Karnataka, Goa, Telangana, and Tamil Nadu.