Hotels & Accommodations

One arrest as more than 100 protesters gather outside Essex asylum hotel | UK news

Published

18 hours ago

July 20, 2025

One person has been arrested, police said, as more than 100 demonstrators assembled outside the Bell Hotel in Epping on Sunday evening, with some chanting “save our kids”.

Protesters outside a hotel in Essex believed to be housing asylum seekers have thrown bottles and smoke flares toward police vehicles.

Demonstrators, some of whom appeared to be drinking alcohol, chanted “send them home” and “save our kids” as projectiles were thrown towards police vans blocking the entrance to the hotel.

Officers had said they would “deal robustly” with criminal behaviour as more than 100 joined a fresh protest at the hotel where there were violent clashes last week.

An order threatening arrest for anyone who refused to remove face coverings would be in place all Sunday night, Essex police said before the protest began.

Public order vans were stationed outside the hotel in Epping in a change in police tactics after eight officers were assaulted on Thursday and police vehicles were smashed by groups of men.

Police said: “Following a large number of individuals congregating on Epping High Road, we have taken the decision to temporarily close the road.”

Police officers on guard outside the Bell hotel in Epping, Essex, on Sunday. The hotel has been the focus of anti-migrant protests. Photograph: Yui Mok/PA

A 33-year-old man has been charged by officers, who made a number of arrests and circulated images of suspects.

Keith Silk, of Loughton, was charged with violent disorder and criminal damage. Dean Walters, 65 and from Harlow, had earlier been charged with affray and will appear at court in September.

Far-right activists associated with groups including Britain First were among those in a crowd that gathered outside the Bell hotel on Thursday, where local people including women and children were protesting peacefully.

Clashes with police broke out as groups of men, some of them masked, tried to reach a small anti-racism march that started at Epping station and went through the town before it was hemmed in.

In an apparent response to allegations that the police had taken a “two-tier” approach that favoured the counter-demonstration, Ch Supt Simon Anslow said: “Unfortunately, across social media we are seeing inflammatory comments which suggest we were supporting and enabling certain protesters.

“This is categorically not true. We police without fear or favour, remaining impartial at all times and have legal responsibilities to ensure peaceful protest is facilitated.”

Tensions were high in Epping after the appearance in court on Thursday of an asylum seeker charged with three counts of sexual assault.

Hadush Gerberslasie Kebatu, 38, from Ethiopia, who denies the offences, was remanded in custody before a two-day trial next month at Chelmsford magistrates court.

Neil Hudson, the local Conservative MP, has been calling on the Home Office to close the hotel and described the violence in the town on Thursday as “completely unacceptable”.

“Police put themselves in harm’s way to keep us safe. People have the right to peacefully protest but these violent scenes are not us, not Epping, not what we stand for,” he said in a post on X.

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Hotels & Accommodations

Brigade Hotel Ventures IPO to open on July 24; Check price band, issue size & more

Published

1 hour ago

July 21, 2025

Pawan Kumar Nahar

Brigade Hotel Ventures, a hotel owner and developer in South India, has announced the price band for its upcoming initial public offering (IPO) at Rs 85-90 per share. The IPO, valued at Rs 759.60 crore, will be available for subscription from July 24 to July 28. Investors can bid for a minimum of 166 shares, and the anchor investor bidding is set to commence on July 23.

The IPO constitutes a fresh issue of equity shares without any offer-for-sale component. Proceeds from the issue will be primarily utilised for debt repayment amounting to Rs 468.14 crore, with Rs 107.52 crore allocated for acquiring an undivided share of land from the promoter, Brigade Enterprises (BEL). The remaining funds are earmarked for acquisitions, strategic initiatives, and general corporate purposes.

Earlier this month, Brigade Hotel Ventures raised Rs 126 crore through the sale of equity shares to 360 ONE Alternates Asset Management in a pre-IPO round. The company is a subsidiary of Bengaluru-based real estate company Brigade Enterprises.

Brigade Hotel Ventures boasts a portfolio of nine operating hotels across various locations, including Bengaluru, Chennai, Kochi, Mysuru, and GIFT City, with a total of 1,604 keys. These hotels are managed by renowned global hospitality brands such as Marriott, Accor, and InterContinental Hotels Group.

Despite a challenging financial year, the company reported a profit decline of 24% to ₹23.7 crore in FY25, down from ₹31.14 crore in the previous year. However, revenue increased by 16.6% to ₹468.3 crore, up from ₹401.7 crore, indicating resilience in its operational performance.

The IPO is being managed by JM Financial and ICICI Securities, who are serving as the book-running lead managers, while Kfin Technologies is acting as the registrar. The allocation of shares is expected to be finalised on July 29, with the listing anticipated on the bourses on July 31.

This offering presents a significant opportunity for investors looking to tap into the hospitality sector in South India, backed by Brigade Hotel Ventures’ strategic growth plans and established partnerships with leading global hotel brands. Investors are advised to take note of the essential dates: the opening date of the IPO on July 24, closing on July 28, with the basis of allotment on July 29, and the expected listing on July 31.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

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Hotels & Accommodations

Brigade Hotel IPO opens July 24: Is this Rs 759 crore offer a Subscribe? – IPO News

Published

2 hours ago

July 21, 2025

Oliviya Kunjumon

The IPO market is buzzing again, and hospitality is making headlines. One of the most anticipated issues this week is from Brigade Hotel Ventures, the hotel arm of real estate major Brigade Enterprises. With a portfolio of premium hotels across South India and global partners like Marriott and Accor, the company is opening its Rs 759.6 crore IPO on July 24.

Let’s take a look at the 7 key things every investor should know before applying.

Brigade Hotel Ventures IPO: Key dates to remember

The Brigade Hotel Ventures IPO will open its three-day bidding window on July 24 and close on July 28. The anchor book will open on July 23, and shares are likely to list on July 31. After the subscription process, the allotment of shares are expected to be finalised by July 29.

Brigade Hotel Ventures IPO: A fresh issue with no OFS

The Rs 759.6 crore IPO is a completely fresh issue, with no offer-for-sale (OFS) portion. In simple terms, this means that the company will receive all the funds raised, which will be used for business needs and not for promoter exit.

Brigade Hotel Ventures IPO: Find utilisation

Out of the total proceeds, Rs 468.1 crore will go toward repaying debt, which stood at over Rs 600 crore.

Apart from this, another Rs 107.5 crore will be used to purchase land from its promoter, Brigade Enterprises. Furthermore, the remaining amount will support future acquisitions and corporate purposes.

Brigade Hotel Ventures IPO: About the company

Brigade Hotel Ventures runs nine hotels with 1,604 keys across Bengaluru, Mysuru, Chennai, Kochi, and GIFT City. Moreover, these properties are operated by top-tier hospitality brands like Marriott, Accor, and IHG.

Brigade Hotel Ventures IPO: Pre-IPO placement at Rs 90 per share

Now coming to the pre-IPO placement, it was held on July 3. The company raised Rs 126 crore from institutional investors such as 360 ONE Special Opportunities Fund. The shares were allotted at Rs 90 apiece, effectively lowering the public issue size from the earlier planned Rs 900 crore.

Brigade Hotel Ventures IPO: Financials – revenue up, profits down

While the company’s revenue grew 16.6% in FY25 to Rs 468.3 crore, its net profit fell by 24% to Rs 23.7 crore.

Brigade Hotel Ventures IPO: Top brokerage houses on board

JM Financial and ICICI Securities are the book-running lead managers for the IPO. Shares will be listed on both the NSE and BSE post allotment.

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Hotels & Accommodations

Brigade Hotel Ventures sets IPO price band at Rs 85-90 share- The Week

Published

3 hours ago

July 21, 2025

PTI

New Delhi, Jul 21 (PTI) Brigade Hotel Ventures Ltd owner and developer of hotels in South India on Monday fixed a price band of Rs 85-90 per share for its Rs 749.6-crore upcoming Initial Public Offering (IPO).
     At the upper end of the price band, the company is valued at over Rs 3,400 crore.
     The IPO is scheduled to open on July 24 and close on July 28. The one-day bidding for the anchor investor will open on July 23, the company announced.
     Brigade Hotel Ventures’ IPO is entirely a fresh issue of equity shares with no Offer For Sale (OFS) component.
     Proceeds from the issue to the tune of Rs 468.14 crore will be used for payment of debt; Rs 107.52 crore be utilised for purchase of an undivided share of land from the promoter, BEL; and the remaining funds will support acquisitions, other strategic initiatives, and general corporate purposes.
     Earlier this month, Brigade Hotel Ventures raised Rs 126 crore by selling equity shares to 360 ONE Alternates Asset Management.
     Brigade Hotel Ventures Ltd is a subsidiary of Bengaluru-based real estate company Brigade Enterprises Ltd (BEL).
     BEL entered into the hospitality business in 2004 with the development of its first hotel Grand Mercure Bangalore, which commenced operations in 2009.
     The company has a portfolio of nine operating hotels across Bengaluru (Karnataka), Chennai (Tamil Nadu), Kochi (Kerala), Mysuru (Karnataka) and the GIFT City (Gujarat) with 1,604 keys.
     The hotels are operated by global marquee hospitality companies such as Marriott, Accor and InterContinental Hotels Group.
     The company announced that 75 per cent of the offer size has been set aside for qualified institutional buyers, 15 per cent for non-institutional investors and the remaining 10 per cent for retail investors.
     JM Financial and ICICI Securities are the book-running lead managers to the issue. Shares of the company are expected to list on the bourses on July 31.

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