mind reader: The Byke Hospitality

The Byke Hospitality

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Date	Events
Feb 2018	--Promoter shareholding increased in Dec 2017. FII increased too. --20% room to be made within a year.
Sep 2017	As per one investor Average rating on TripAdvisor website between 3-3.5.
Sep 2017	Con call: --A lot of people asked about their goal of having 25 properties by 2020. Is it realistic? Anil was emphatic in saying that they want to meet that goal ahead of time. Bye brand either through leasing model or through franchise model. Now they are planning to take bigger / larger hotels. - online hotel booking platform, he said they will resume work on it soon after the GST related disruption settles down --Thane's property has received booking for even 2019. --Delotel, Borivili, said the property is ready but OC is not there yet.
Aug 2017	Byke Vijoya (54 rooms), Byke Hidden Paradise (40 rooms), --Leased out Byke Sunflower (owned property of 22 rooms) in FY18
Jun 2017	- The Company has changed its accounting method to revenue from large to net basis for room chartering segment from April 1, 2017, hence current year number is not comparable to last year
Jun 2017	Con call: - The company has projected to add 300 rooms in FY18 . They are looking at 4-6 properties with size of 60+ rooms. The company usually spends 6-7L per room for renovation . - The company aspires to do 500 rooms in this model by FY19 . Since the Byke wants to be used, the hotels would like to provide training to the franchise employees.
May 2017	Byitus Vijoya (54 rooms) Puri, Byke Hidden Paradise (40 rooms) Goa, --Leased out Byke Sunflower (owned property of 22 rooms) Goa in FY17
Mar 2017	Con Call: The company is focusing on F & B business as it can provide more revenue with same asset. Aimed towards destination weddings, conferences, corporate events . The hotel bought the Thane & Borivali hotel with this in mind.