Leela Palaces Hotels & Resorts Ltd

- No explicit mention of new fundraising through equity in the transcript. - Current net debt is low at INR 227 crores (0.3x net debt to EBITDA), indicating a strong balance sheet post-IPO. - Company targets to maintain an average net debt-to-EBITDA ratio of around 2.5x with contracted and active pipelines. - Planned capex for FY26 is around INR 400 crores for same-store growth and INR 1,130 crores over next 2.5 years for the contracted pipeline. - Partnership with Brookfield Capital for BKC project is a 50-50 JV, implying shared capital infusion without standalone debt or equity fundraising detailed here. - Management emphasizes financial discipline and long-term prudent decisions regarding expansion and investments. In summary, no direct announcement of fresh debt or equity funding; growth is planned within manageable debt levels and partnerships.

- FY26 capex planned: INR 400 crores focusing on same-store growth and value drivers. - Investments include Leela Club additions in Delhi, Bengaluru, and Chennai. - Expansion of Leela Palace Udaipur with 33 new keys and 10,000 sq ft banquet space. - INR 1,130 crores allocated to contracted pipeline for five hotels over 2.5 years. - New 250-key luxury hotel development in Mumbai's BKC area in a 50-50 JV with Brookfield; currently in design/concept stage. - Launching new brand verticals—ARQ Club (five locations) and Leela Luxury Residences (starting with Mumbai) expected FY27. - Active pipeline includes capital-light expansions via hotel management agreements in Sikkim and Mumbai. - Ongoing asset enhancements like family villas, kid clubs, and spas to increase market appeal and drive RevPAR growth.

- Schloss Bangalore Ltd targets double-digit EBITDA growth in FY26 driven by same-store growth, new verticals, hotel development pipeline, and capital-light expansion through HMAs. - They aim to reach Rs 2,000 crore EBITDA by FY30 (guidance, not firm target). - Strong same-store growth expected via increased occupancy (early 70s %) and average daily rates (ADR), particularly leveraging under-served Indian luxury markets. - Expansion includes a 250-key luxury hotel in Mumbai’s BKC (50-50 JV with Brookfield) and 33 keys addition with 10,000 sq ft banquet space in Udaipur. - New brand verticals like ARQ invite-only membership clubs (5 locations) and Leela Luxury Residences (starting Mumbai FY27) expected to add high-margin revenue. - Contracted pipeline includes five hotels (Agra, Ayodhya, Ranthambore, etc.) plus two managed hotels. - Digital investments and revenue management practices support sustained high double-digit RevPAR growth (~20% in Q1 FY26).

- The company is targeting to achieve an EBITDA of Rs 2,000 crore by FY30 (not a formal guidance but an aspirational target). - EBITDA growth drivers include: - High double-digit same-store growth in occupancy and ADR. - Operating leverage expected to yield mid-teens EBITDA growth annually. - Value drivers like three clubs, spa, and retail expansions. - Addition of five contracted pipeline hotels (Agra, Ayodhya, Ranthambore, etc.) and two managed hotels (Sikkim and Mumbai). - Expansion projects such as the Leela BKC hotel, expected to contribute incremental EBITDA (~Rs 500 crore). - The company expects mid-to-high teens overall revenue growth for FY26. - Positive PAT turnaround was seen in Q1 FY26 with INR 8.7 crores profit compared to INR 75 crores loss in Q1 FY25. - Net debt to EBITDA target maintained around 2.5x on average during growth phase, supporting sustainable expansion.

- Schloss Bangalore Ltd has a robust contracted pipeline including five hotels: Agra, Ayodhya, Ranthambore, Bandhavgarh, and Srinagar. - The contracted pipeline investment is approximately INR 1,130 crores, to be spent over the next 2.5 years. - The company is also developing two managed hotels in Sikkim and Mumbai. - The Leela Palace Mumbai hotel (250 keys) in BKC is being developed as a 50-50 JV with Brookfield, currently in design and concept development stage. - Expansion projects like 33 additional keys and 10,000 sq ft ballroom space at Leela Palace Udaipur are underway, expected operational in 18-24 months. - The Leela Luxury Residences and ARQ Club brand expansions are in progress. - Overall, timelines are on track with projects at varying stages – from design, approvals to early construction.