Silver Pearl Hospitality & Luxury Spaces Ltd - Stock Valuation and Financial Performance

Silver Pearl Hospitality & Luxury Spaces was originally incorporated as a private limited company under the Companies Act, 1956 pursuant to a certificate of incorporation issued by the Registrar of Companies, West Bengal dated January 31, 2011 with the name ‘Silver Pearl Commercial Private Limited’. The Company was converted into to a public limited company and the name of the Company was changed to ‘Silver Pearl Commercial Limited’ by a special resolution passed on November 18, 2013. A fresh Certificate of Incorporation consequent upon conversion was issued on November 26, 2013 by the Registrar of Companies, West Bengal. Subsequently, the name of the Company was changed to “Silver Pearl Hospitality & Luxury Spaces Limited” vide fresh certificate of incorporation consequent upon change of name dated January 3, 2014 issued by the Registrar of Companies, West Bengal.

The company is a hospitality company and operate in the mid-priced hotel sector, consisting of the upper-midscale, midscale and economy hotel segment. Its current properties are located in Rakchham, Kinnaur, Himachal Pradesh. Rakchham village is located in Sangla Tehsil of Kinnaur district in Himachal Pradesh, India. Rakchham village is around 10 km from Chitkul and around 12 km from Sangla and is located between the two. Its first hotel property started operations in FY 19-20. It also operate a cafe at Rakchham. All its hotels, cafes and restaurants are operated under the brand name “Osiya”. It provide authentic hospitality and give its guests a localized and memorable experience. It also seek to cater to family as well as adventure loving guests and deliver differentiated yet superior service offerings, with a value-for-money proposition. Currently, it is operating with 36 rooms in 4 properties.

The company owns, manage, operate and market the hotels. It also operate restaurants and a cafe. The cafe has seating capacity for 100 people. It undertake its business through: (i) direct ownership of hotel properties, (ii) long-term lease or license arrangements for the land on which it construct its own hotels, (iii) long-term leases for existing hotels or home stays which are owned by third parties, and (iv) marketing agreements. Its business development, project management and execution process teams are involved in gathering relevant market data and assessing the potential of different locations. Its hotel operations team seeks to ensure standardized pre-opening and seamless day-to-day operations, at desired levels of service and cost efficiencies. It follow a dynamic pricing policy based on various factors including anticipated demand, market conditions, inflation, competition, the state of micro-markets in which it operate and the economy in general. It is registered with all major travel portals for online booking as these days most of the guests book through online portals.

Business area of the company

Silver Pearl Hospitality & Luxury Spaces is a hospitality company and operate in the mid-priced hotel sector, consisting of the upper-midscale, midscale and economy hotel segment. Its current properties are located in Rakchham, Kinnaur, Himachal Pradesh. Rakchham village is located in Sangla Tehsil of Kinnaur district in Himachal Pradesh, India.

Major Events and Milestones

• 2011: Incorporation of the Company.
  
• 2012: Purchase of a Holiday Home in Kolkata.
  
• 2018: Initiated construction of cottages in association with Rajesh Kumar Negi, know as Osiya Rangooo Rakchham Retreat.
  
• 2019: The company started operating Osiya Shoshla Cafe and Osiya Shambhu Lodge at Rakchham.
  
• 2021: Commenced operating Osiya Rangnoo Rakchham Retreat.
  
• 2022: Entered into MoU for purchase of hotel property at Goa.