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U G Hotels & Resorts Ltd. Company History and Annual Growth Details
U.G. Hotels & Resorts Ltd was incorporated as a Private Limited Company on 05-02-1986 and subsequently converted into Public Limited company on 10th December 1990. It is a new company in the process of setting up a 5 star category exclusive resort hotel. The hotel is being set up at main Kufri Chail Road, hear Shimla which is a major tourist centre.
The company has been promoted by Mr. Umesh Phalpher and Mr. Harmit Ghai. Originally the company proposed to set up a 50 Cottage, 4 Star Category resort Hotel. Therafter, the building layout plant underwent a change as a sequel to the State Government changing the road layout plan. Further additional facilities such as central heating system, water storage tank etc. were incorporated in the revised layout and the constructed area plan was increased from 3380 sq. mtrs to 5860 mtrs.
However, the implementation of the project could not be preceded with as envisaged on account of hindrance in the mobility of materials and manpower due to restricted availability of petroleum fuels consequent to the Gulf war, political disturbances and agitations in 1990/91. Thereafter a market survey was conducted together with Jaypee Hotel Ltd in 1992 to assess the demand for a 5 Star Resort in the Shimla Region. As a sequel to a favourable market assessment, the project concept was modified and upgraded from a 4 Star category to a 5 Star category. the number of guest cottages were increased from 50 to 61 and the built up area was enhanced to 9140 Sq. Metrs.
- UG Hotels & Resorts Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 06, 2009, has appointed the following Director as Additional Director.