VR Group Limited Corporate Profile

Transcription

1 Your Perfect Travel Choice VR Group Limited Corporate Profile

2 About VR Group Established in the year 2003, VR Group has emerged as one of the fastest growing companies within the New Zealand Hospitality Industry. At present, VR group manages 18 hotels and serviced apartments under its portfolio, which are primarily rated 4 star and above. Many of these properties are owned by the VR Group. VR Group is head-quartered in Auckland, New Zealand and has its operations across New Zealand, Australia, India and USA. With a hospitality experience of over 10 years, class leading innovation and lateral thinking, VR Group has redesigned and developed business strategies to yield exponential growth for its investors, strata title owners and other stakeholders in terms of value and also profitability. Why choose VR Group? Experience 10 years of rich experience in operating hotels and delivering property management services Currently managing 18 hotels & serviced apartments across New Zealand, Australia, India and USA 7 years of strong experience in working with strata title owners and operating strata title owned serviced apartments VR Group works with Oaks Hotels & Resorts to manage strata title owners of Oaks Hotels in New Zealand With experience, VR Group has developed strategies to maximize profitability for hotel owners by optimizing operating costs References are available from the likes of Bayleys group, Oaks Hotels & Resorts and Oaks Hotel owners VR Group is in the process of developing its own brand name to maximise revenue through strong brand loyalty Quality High standard of service delivery and strong management practices Professional conduct of the management and the staff towards the guest, owners and other stake holders Always maintained and upgraded the quality of hotels and serviced apartments VR Group Limited Corporate Profile Page no. 1

3 Why choose VR Group? Resources Positive cash flow after debt servicing and net assets after debt VR group has its own laundry and cleaning services unit set-up in Auckland to service all its hotels VR group has its own property construction division, which gives it an edge over others when it comes to maintaining and refurbishing properties VR group funds its capital expenditure through strong cash flows at all hotels Strong Credibility Strong credit rating of the company and its directors Strong and positive references are available from bankers VR Group has a history clean & transparent financial practices, hence has never necessitated for a discrepancy audit by an external agency or the title owners No history of bankruptcy or liquidation of the group, or associated business or the directors Yield Management Turned around loss making businesses into highly profitable ventures Helped strata title owners to reverse their losses to profitable returns Strata title owners have experienced better property management and higher yield with VR group VR group has also helped strata title owners with vendor finance, refurbishment of building owned by consortium of owners fund own Strategy Inducing business growth through attaining economies of scale Self-managing value adding services and optimizing costs Lateral thinking across functions and levels to introduce best practices which would enhance value for customers and stakeholders VR Group Limited Corporate Profile Page no. 2

4 Key Management Team Dr. Vinod Sharma Chief Executive Officer & Founding Partner A qualified and experienced Medical Doctor (Bachelors in Medicine) Owns and operates Medical Centres in and around Auckland Specialised in dealing with Financial Institutions and Property Investment companies. In depth knowledge of local city council rules and regulations Responsible for Growth & Acquisition for VR Group Mr. Raman Sarin Chief Operating Officer & Founding Partner Senior Diploma in Hotel Management from Salzburg, Austria An accomplished Hotelier with over 40 years of experience in tourism & hospitality industry with a strong understanding of strata & typical ownership models and lease negotiations Over 30 years of experience in working with 5 star luxury hotel groups such as Inter-Continental, Taj Hotels & Resorts and The Ashok, New Delhi Led the National Convention Centre, Australia Responsible for the Growth & Expansion of VR Group Mr. Rakesh Sharma Managing Director Masters in Civil Engineering Owned and operated construction companies in and around Auckland In depth knowledge of local city council rules and regulations Strong network with influential people and various trade companies Responsible for the daily operations of VR Group Mr. J C Chaturvedi Director of Operations Masters in Business Administration, Bachelor of Laws and Post Grad in Personnel Management and Industrial Relations. Held senior management positions in various multi-national organisations across various countries. Vastly experienced at effectively managing large scale projects with large teams. Hands on experience in international trading. Change management agent for strategically transforming loss-making projects into profit centres. Hands-on experience in multi-storey construction projects, including council rules. Responsible for managing new and existing construction projects of VR Group. VR Group Limited Corporate Profile Page no. 3

5 Key Executive Team Mr. Udai Sarin (CA) Group Sales, Marketing and Revenue Director Bachelors of Commerce and Administration with Postgraduate Studies Fully Qualified Member of The New Zealand Institute of Chartered Accountants with training from Ernst and Young New Zealand Limited An expert at effective rate & inventory management and a strong catalyst in generating profitable business revenue for VR Group Responsible for Sales, Marketing and Revenue management for VR Group Mr. Prashant Malik Group General Manager Masters in Tourism Management with a Diploma in Hotel Management Vast experience in project management and construction companies Works with over 1000 owners monthly for month end reporting Responsible for Manager s accountability and overall management of all the VR properties Mr. Sunil Shethia Financial Controller Member of the Indian Institute of Chartered Accountants Over 30 years of strong experience in the finance and revenue management sector Responsible for the Financial functions of VR Group Mr. Ajay Soeny Group Operations Manager Over 20 years on experience in hospitality and construction Expert knowledge of Council Rules and Standards of Building in New Zealand Responsible of Construction, Redevelopment & Refurbishment projects at VR Group Mr. Mayank Sharma Group Finance Manager Bachelors of Commerce and Administration with Marketing and Accounting Combined experience of Finance and Marketing Strong acumen for Project finance & management Responsible for controlling expenditure of the group to boost profitability VR Group Limited Corporate Profile Page no. 4

6 VR Projects Current Management Rights and Building Ownerships Auckland Takapuna Oaks 40 rooms Bayswater, Northshore, Auckland 5 Proximity Apartments 100 rooms Manukau, Auckland 5 VR Group Limited Corporate Profile Page no. 5

7 VR Projects Current Management Rights and Building Ownerships Auckland Harbour Oaks 130 rooms Auckland CBD 4.5 Auckland City Oaks 110 rooms Auckland CBD 4.5 VR Group Limited Corporate Profile Page no. 6

8 VR Projects Current Management Rights and Building Ownerships The Quadrant Hotel & Suites 260 rooms Auckland CBD 4 Bianco off Queen Serviced Apartments 180 rooms Auckland CBD 4.5 VR Group Limited Corporate Profile Page no. 7

9 VR Projects Current Management Rights and Building Ownerships Ascotia off Queen 82 rooms Auckland CBD 3.5 Queen Street Oaks 90 rooms Auckland CBD 4.5 Coming Soon VR Group Limited Corporate Profile Page no. 8

10 VR Projects Current Management Rights and Building Ownerships Auckland Airport Kiwi Hotel 52 rooms Mangere, Auckland 3 Airport Gateway Hotel 50 rooms Mangere, Auckland 3 VR Group Limited Corporate Profile Page no. 9

11 VR Projects Current Management Rights and Building Ownerships Auckland Airport Kiwi Motel & Backpackers 30 rooms Mangere, Auckland 3.5 Hamilton City Oaks 35 rooms Victoria Street, Hamilton 4.5 VR Group Limited Corporate Profile Page no. 10

12 VR Projects Current Management Rights and Building Ownerships The Lofts Apartment 25 rooms Shotover Street, Queenstown 3.5 Wirrina Resort & Conference Centre 87 rooms Fleurieu Peninsula, South Australia 4 VR Group Limited Corporate Profile Page no. 11

13 VR Projects Current Management Rights and Building Ownerships Quality Inn Central 213 rooms Denver, Colorado 3 Quality Inn & Suites Harvey 76 rooms Harvey, Illinois 3 VR Group Limited Corporate Profile Page no. 12

14 VR Projects Current Management Rights and Building Ownerships Days Inn Harvey 76 rooms Harvey, Illinois 2.5 Motel 6 Harvey 73 rooms Harvey, Illinois 2 VR Group Limited Corporate Profile Page no. 13

15 Property Construction Division Currently, VR Group manages approximately 1500 Hotel rooms and Serviced apartments across New Zealand, Australia, India and The United States of America. The skills and expertise of the group are second to none. VR Group has developed into one of the leading New Zealand hospitality renovation and construction companies with offices located in Auckland, New Delhi and Denver. With over 4 decades in the hospitality industry, the foundation of VR is a fusion of service focussed hospitality executives and construction minded professionals that enable us to work and think a little differently. Our ability to provide value engineering throughout each project enables our clients to manage costs while expediting the completion schedule. VR s team structure is comprised of operations professionals, construction workers, engineering executives, a design team and project managers for each individual job. We have more than 30 contracted tradesmen and sub-contractor resources in all aspects of construction that travel and work for VR. We only employ the most talented individuals at their respective positions in the industry. Once contacted and engaged on the project, the pre-construction team incorporates all the key personnel who will be involved in the pre-construction all the way through to completion. There is no hand off point from the pre-construction to construction completion but rather a smooth transition ensuring continuity and consistency of personnel. Services We Offer, Complete Turn Key Renovations Construction Services from the ground up Complete Fit-outs General Contracting Value Engineering Budgeting / Estimation Aiming for the highest possible results at every stage of a project, VR manages and coordinates all aspects of a project. Our local knowledge gives us great scope to deliver national projects in any metropolitan or regional location. This approach has supported the company s rise as a leading provider of high quality Hotel builds and refurbishments across New Zealand, Australia, India and now The United States of America. We have considerable amount of experience in the hotel industry, skilled professionals and most importantly financial stability which gives the security and certainty that any project VR takes on is going to be delivered as promised. We have a proven process that delivers great results with a proven consistency. Our journey of excellence always begins with understanding our clients and business partners. VR Group Limited Corporate Profile Page no. 14

16 Sustainability VR has a good working knowledge of what it takes to run an energy efficient building with effective energy and water management practices. VR practices are backed by Qualmark Rating of an Enviro-Silver Award for two of the properties in Auckland City for excellence and ethical practices observed in Responsible Tourism. VR Management is highly focussed on expanding operations and making the most of the unique qualities within the group. The experience, knowledge, staff and financial resources enables VR Management to engage in new projects and very much have a forward outlook. VR Goals High Occupancy Employing experienced Sales people Active Marketing Understanding local market conditions On-site sales people High Net Owner Returns Timely collection of payments due Lowering owner costs through effective maintenance programmes Effective yield management practices for owners High Focus on Service Delivery Quality and Experienced staff Extensive training and development programmes Secondments for staff through the group High Profile Buildings Targeting Quality clientele An effective and efficient building management system Environment friendly and energy efficient buildings to reap long term benefits VR Group Limited Corporate Profile Page no. 15

17 Previous Projects Previous and Current Construction Contracts Quality Inn Central Denver March 2010 Job 2 Million United States Dollars refurbishment over a 6 month period. Upgrades included replacement of lifts, room upgrades with new carpeting, public area upgrades, new fire systems and new Air-Conditioning/Heat Pump system throughout the premises. Result A top performing hotel in Denver Colorado with occupancies in the top 10% in the city. Auckland Takapuna Oaks July 2011 Job 1 Million New Zealand Dollars refurbishment over a 2 month period. Upgrades included full furniture fit-out, new kitchens in every room, new carpeting throughout the property, roof re-construction and public area paving. Result Takapuna Oaks has been a revelation in the Auckland Hotel Market. Constantly ranked in the top 3 hotels in Auckland on Trip Advisor, Takapuna Oaks is a 5 star boutique apartment hotel that will exceed all expectations. Auckland Airport Kiwi Hotel January 2011 Job 500,000 New Zealand Dollars refurbishment over a 4 month period. Upgrades included new carpeting, total new bathrooms, complete restaurant kitchen, furniture upgrade, landscaping of grounds, new roof for the hotel and blacktopping of the car park. Result The occupancy for its first year of operation under the VR Management tells the complete story, 97% for a calendar year from the day of takeover is astonishing considering the property was bought with an occupancy of 16%. Auckland Airport Kiwi Motel November 2010 Job 800,000 New Zealand Dollars refurbishment over a 6 month period. Rooms were gutted and made to a new standard. This included new furniture, bathrooms, walls, kitchens, painting, driveways being black-toped, new reception and new signage. Result When the motel was taken over by VR it was shut down and in dire need of TLC. After year one VR achieved a 94% occupancy numbers really do tell the full story. Both Auckland Airport Kiwi Hotel and Motel have made its mark in the Auckland Airport Region a top performer. VR Group Limited Corporate Profile Page no. 16

18 Previous Projects Previous and Current Construction Contracts Scotia Place Auckland December 2012 Job 2 Million New Zealand Dollars refurbishment over 6 months. VR have taken an old student hostel and transformed the hostel into an 82 room hotel in Auckland s CBD. Everything from the bathrooms, kitchen, bar, restaurant, rooms, carpeting, lifts, public areas and car parking were newly done as good as complete re-build Result Being in its first year of operation, Scotia Place, now known as Ascotia off Queen is a Qualmark 3.5 star rating hotel and under the VR management has shown an occupancy of more than 80 % till date Sampann Villa Boutique Residences Job 5 Million New Zealand Dollars project. New Construction from the ground up of a boutique hotel in New Delhi, India. Result 80% year round occupancy in its first year of operation. Queen Street Oaks current project Job 15 million New Zealand Dollars rebuild over 12 months. VR has taken over this property to transform it into a 4.5 star serviced apartment with 90 rooms to offer. The property is on the prime street of Auckland and will be in the centre of all city buzz Result The project is scheduled for completion by 1 Feb 2014 and result into yet another prized 4.5 star property under VR group. VR Group s property division has been involved in the past with the following construction and renovation projects. Medical and Retail Commercial Centre's Child Care Centre's Specialty Restaurants Food Factories However, for the last four years VR Group s focus has shifted to only hospitality related industries. VR now specialise in renovating, building and refurbishing existing buildings into completed running hotels. Our passion is hospitality, we specialise in what we are best in class. VR Group Limited Corporate Profile Page no. 17

19 Contact Us For Corporate enquiries please contact Mr. Udai Sarin (CA) - Director of Group Sales, Marketing & Revenue P: M: E: [email protected] For Business propositions, please contact: Dr. Vinod Sharma - Chief Executive Officer & Founding Partner M: E: [email protected] Mr. Raman Sarin - Chief Operating Officer & Founding Partner M: E: [email protected] VR Group Limited Corporate Profile End page