EIH Associated Hotels Share Price

EIH Associated Hotels Ltd is an Indiabased company. The company is in the business of hotel operation. Their principal activity is to provide hotel and resort services. The companys hotels include The Oberoi Cecil, Shimla The Oberoi Rajvilas, Jaipur Trident, Agra Trident, Bhubaneshwar Trident, Chennai Trident, Jaipur Trident, Udaipur, and Trident, Cochin. Island Hotel Maharaj Ltd is the wholly owned subsidiary of the company. EIH Associated Hotels Ltd was incorporated in March 21, 1983 as a public limited company in the state of Tamil Nadu. The company commenced their operations on June 10, 1983 with the brand name Pleasant Hotels. In November 6, 1984, the company entered into a franchise agreement with Ramada (U.K.) Ltd. The name of the company was changed from Pleasant Hotels Ltd to Oberoi Associated Hotels Ltd with effect from October 25, 1989.In November 1, 1996, the name of the company was further changed to EIH Associated Hotels Ltd. In the year 1997, the company opened their deluxe hotel Rajvilas in Jaipur. In the year 2001, they acquired about 1.62 lakh sq ft of space at the BandraKurla complex in Mumbai from the Mumbai Metropolitan Regional Development Authority for Rs 121 crore. In September 2002, ITC marginally increased their stake in the company to 14.9 percent.During the year 20032004, the company entered into Franchise agreement with Hilton International and The Trident, Chennai had rebranded into Trident Hilton. The company introduced contact center and became operational with Toll Free number for easy access by customer. During the year 20052006, the companys all day dinning restaurant was opened at Trident Hiltion, Chennai and a new business center was added at the hotel. Indus Corporation Ltd amalgamated with the company with effect from April 1, 2005. During the year 20062007, the company acquired of two hotels, namely the Oberoi Cencil, Shimla and Trident Hilton, Bhubaneswar They developed a new seafood restaurant at Hilton, Chennai.During the year 20072008, the company opened a speciality Indian restaurant in Oberoi Rajvilas, Jaipur. In November 2007, the company completed the renovation of Trident, Agra and in December 2007, they also opened a new seafood restaurant at Trident, Chennai. During the year 20082009, the company twofitness center opened in Trident, Chennai and Trident, Bhubaneshwar.During the year 201213, Island Hotel Maharaj Limited, the Companys whollyowned subsidiary was merged with the Company through Scheme of Amalgamation with effect from 1st April, 2011, the appointed date and the entire undertaking of IHML including Trident, Cochin stands transferred to and vested in the company as a going concern on the Appointed Date.The Company launched Oberoi One in FY 202021.