Jason Ader

Founder, Hayground Cove Asset Management, CEO, India Hospitality Corporation

Jason Ader: India's hotel industry isn't keeping up with country's hectic growth

NEW DELHI (AP) - Need a hotel room in India? Better book early and bring big bucks.

As the nation's economy booms, foreigners and newly affluent Indians are flocking to the country's big cities in unprecedented numbers - but are finding a shortage of places to stay.

"We had to scramble, we practically begged to get a room," said Danny Leiber, a Los Angeles businessman who had flown to New Delhi on short notice for a "big deal - we're talking multimillion dollars."

Jason Ader: Explosive economic growth ignites unquenchable demand for hotel rooms.

India Hospitality

One firm, the London-based India Hospitality Corp., has raised $100 million to build or acquire mid-level hotels in India, said the company's chief executive, Jason Ader. Ader says his company views India's hotel industry as high-growth but fragmented, offering profit potential among the most attractive in the world.

Jason Ader: Mars, Nirulas adorn US co IHC's platter

NEW DELHI: Delhi's iconic restaurant chain Nirula's and Mumbai's Mars Restaurants - owners of eateries such as Not Just Jazz By The Bay and Tendulkar's - are changing hands yet again.

Navis bought Nirula's and Mars from their respective promoters - the Nirula family and Sanjay Narang - only last year in two separate transactions. The low-profile IHC is led by Jason Ader, a hospitality sector investment and research analyst and entrepreneur-designer Andrew Sasoon.

Jason Ader: India Hospitality IHC Presents At The Second Annual Bear Stearns And Motilal Oswal India Conference; Jason Ader Contrasts the Overheated Indian L

India Hospitality Corporation, the special purpose acquisition vehicle focussing on the Indian hospitality sector, is pleased to announce that following its successful debut on London's AIM last week after raising $100m, its Chief Executive Jason Ader addressed today's Second Annual Bear Stearns and Motilal Oswal India Conference in New York.

At the Conference, Jason Ader said: "While overheating of the Five Star deluxe real estate market in Mumbai and New Delhi has resulted in luxury hotel prices being extremely overvalued, I see substantial growth opportunities for IHC in mid-market hotels in secondary cities including Chennai, Hyderabad and Pune."

Jason Ader: Hayground Cove Accumulates 5.5% Stake in Isle of Capri Casinos (ISLE)

In a 13D filing on Isle of Capri Casinos Inc. (Nasdaq: ISLE), Jason Ader of Hayground Cove Asset Management disclosed a 5.53% stake (1.9 million shares) in the company. There is no other record showing a stake owned by the hedge fund.

Jason Ader: India Hospitality Announces US $110 Million Deal to Form a Growing Diversified India-Based Hospitality Company

Jason Ader, Chairman and CEO of India Hospitality added: "We have long felt that India holds great potential for growth in the lodging, leisure, travel and support industries in which Mars and SkyGourmet operate. The rising purchasing power of the Indian consumer combined with the rapid emergence of low-cost airline carriers is expected to drive strong airline passenger growth. This growth is driving major infrastructure investments in airports which will create substantial expansion opportunities for hotels, restaurants and airline catering services. Further infrastructure investment in shopping malls and office parks creates additional opportunities to leverage these restaurant brands in food courts.

Jason Ader In acquisition mode

Jason N Ader, 38, made headlines last week as the new prospective buyer of the immensely popular Nirula's chain of restaurants. Based out of New York, Ader is credited for setting up the first acquisition fund for Indian assets in hospitality. He had listed the fund - India Hospitality Corporation (IHC) - last year at London's Alternative Investment Markets and raised $100 million.

He said he would focus on acquiring hotels in the three- to five-star category as well as serviced apartments, restaurants and timeshares.

India Hospitality Corporation Board Appointment

India Hospitality Corporation, the AIM-listed special purpose acquisition vehicle focusing on hospitality, leisure, tourism, travel and related businesses in India, announced the appointment of Rajeev Talwar to the Board as a Director.

Commenting on the appointment, Jason Ader, Chairman and Chief Executive said, "We are delighted to announce Rajeev's appointment to the Board of India Hospitality Corporation. We are confident that his impressive breadth of knowledge, skills and experience across Government and Corporate life will greatly assist us in our future development."

Jason Ader and India Hospitality Announce US $110 Million Deal to Form a Growing Diversified India-Based Hospitality Company

India Hospitality Corp. (LSE:IHC), (IHC or India Hospitality), today announced its intention to acquire India-based Mars Restaurants Private Limited (MRPL or Mars), an emerging hotel and restaurant company, and SkyGourmet Catering Private Limited (SCPL or SkyGourmet), an airline catering company operating out of four locations in India, for approximately US $110 million to create a diversified hospitality company servicing the rapidly growing Indian travel and leisure marketplace from affiliates of Navis Capital Partners, a private equity firm with offices in Kuala Lumpur, Hong Kong, and Bangkok, and certain private shareholders.

Jason Ader and IHC make board appointment.

Commenting on the appointment, Jason Ader, Chairman and Chief Executive said:

"We are delighted to announce Rajeev's appointment to the Board of India Hospitality Corporation. We are confident that his impressive breadth of knowledge, skills and experience across Government and Corporate life will greatly assist us in our future development."

Travel Analyst