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Ras Resorts & Apart Hotels Ltd. Company History and Annual Growth Details

HOTEL RAS RESORTS:

Has Resorts and Apart Hotels Limited (HHAHL) was incorporated in the year 1985 to carry out the project of constructing a 3 Star Hotel in Silvassa. The project was completed in two phases. Phase 1(30 rooms) of the Hotel was completed in November 1987 and Phase II(30 rooms) was
completed in November 1990. Presently, the Hotel has 60 well furnished rooms in an area of 3.11 hectares with all other facilities such as restaurants, permit rooms, garden restaurants, banquets/conference facilities, health club, swimming pool, etc. The Project was funded partly by Equity and partly by Loans from State Bank of India and
Gujarat State Financial Corporation. Due to High occupancy rate the company also intends to come out with public issue in due course for funding its expansion plans.

TIME SHARE EXCHANGE :

In the year 1993-94 the Company started marketing Time Share Exchange in affiliation with Resort Condominiums International (U.S.A.) which has tie ups with over 2,800 resorts worldwide in the area of time share
exchanges. Has Time Share Owners can have one whole week holiday for the next 30 years at the Company's Resort or at resorts of its affiliate.

2003
-Members approved delisting of its share from Ahmedabad Stock Exchange.

2004

-Delists shares from Ahmedabad Stock Exchange

2009

- Ras Resorts & Apart Hotels Ltd has inducted Shri. Vijay Ranjan on the Board of Directors of the Company.

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