Savera Hotels Ltd (SHL), established in 1969, operates a 4-star hotel in Chennai along with restaurant-cum-pubs in Bangalore and Hyderabad. The company expanded its Chennai hotel from 125 to 261 rooms, enhancing its facilities with new conference halls, which have gained popularity. In alignment with its business nature, it rebranded from Savera Enterprises to Savera Hotels in 1995. SHL is considering expanding into other cities in Tamil Nadu and is open to acquiring struggling hotels for turnaround opportunities.
The company is undergoing renovations funded by internal accruals rather than external loans, showcasing financial stability. SHL's strategic move to open a Pub Restaurant in Bangalore in 2001 has been successful, indicating a positive reception in the market. This expansion reflects SHL’s growth strategy and its commitment to enhancing customer experiences while maintaining a strong financial footing.
