Hotels & Resorts on Strata Title Sale & Lease Back Model - An Alternative Avenue for Project Funding
Come join us for the Masterclass on 18th September 2020 organized by Noesis Capital Advisors & Ngage Hospitality in partnership with FICCI
COVID-19 has hit the hospitality industry the worst of all. In this new normal, financial institutions have become repulsive towards providing fresh funds towards the sector. With the outstanding debt of INR 46,235 crore within the hotel and resort sector, and yet no clarity on restructuring, the real estate developers and hotel owners who are in the business are seeking new avenues for fund raising. Strata title sales- lease back model will create a new avenue for these players who are actively involved in developing Greenfield hospitality projects.
Meet The Presenters
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Souvagya MohapatraChairman - Eastern Region Tourism Council, FICCI; and ED - Mayfair Hotels and ResortsA commercially astute Professional with an exceptional and consistent record of success in developing and quality management of prestigious hotels, building excellent guest relationships, and improving the revenue, performance and profile of newly launched and more established hotels. Has contributed for over 28 years very actively in development of Hospitality & Tourism Industry.
INVOLVEMENT IN HOSPITALITY & TOURISM ASSOCIATIONS:
OSTPC (Odisha State Tourism Promotion Council) – An Active Member of the OSTPC for the term 2018 to 2021
FHRAI (The Federation of Hotel and Restaurant Associations of India) –Executive Committee member of FHRAI in the years of 2014-15 and 2016 to till now.
HRAEI (Hotel & Restaurant Association of Eastern India) – Managing Committee member of HRAEI for 2018-19 and was executive committee member from Odisha and Northeast Region since 2014 to 2017.
HRAO (The Hotel & Restaurant Association of Odisha) – An active Executive member of HRAO
HPMF (Hospitality Purchase Manager’s Forum) – An active member of Advisory Board since Dec’ 2015
Hotelier India by ITP Publishing India Pvt. Ltd – An Active Advisory Board Member and Awards Jury Member of Hotelier India since 2016 BBC Good Food India by Trikaya Media Group - Awards Jury Member for the year 2017-18 and 2018-19 BW Hotelier India by BW Business World - National Jury Member of Awards for the year 2017-18 13th Hotel Investment Conference - South Asia (HICSA) 2017 – Participated as Panel Member on Owner Powerhouses.
Recognized as “Architects of the Indian Hospitality Industry”, heading the most successful hotel brands by Hotelier India during 2016-17 in the Power List by Hotelier India Confederation of Indian Industry (CII)”, Co-Chair the Tourism Subcommittee for the year 2019 – 20 for the development of Tourism in Eastern India.
Federation of Indian Chambers of Commerce & Industry (FICCI)”, Chairman, Eastern Region Tourism Committee. Dedicated for the development of Tourism in Eastern India.
Institute of Hotel Management & Catering Technology & Applied Nutrition (IHM&CTAN)”, Governing body Member for IHM Bhubaneswar and Balangir, Odisha -
Rocky IsraniMD Pacifica companies - IndiaRocky Israni spearheads Indian operations at Pacifica Companies. He has been responsible for the group's growth and expansion since 2006. Earlier, Rocky was involved in residential and lodging operations and development for Pacifica Companies in the USA from 1994-2004. Back in India, Rocky has expanded the portfolio across Residential, Hotels, Senior Housing, IT Parks, Townships, Commercial & Plotted development
across 7 different cities across India, namely, Ahmedabad, Vadodara, Deesa, Chennai, Hyderabad, Bengaluru & NCR. A leader in the true sense, He is constantly striving to explore newer opportunities for innovation and value creation.
Sessions in this Summit
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03:00 - 04:00 PMIs hotel's sale-leaseback model workable? - Experts view -
04:00PM - 05:30PMTransaction Structure & Legal Documentations between multiple stakeholders for a successful implementation
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