JASON ADER
INDIA HOSPITALITY CORPORATION
Jason Ader heads the India Hospitality Corporation, a Special Purpose Acquisition Corporation (SPAC) designed to partner with Indian businesses. More specifically, the India Hospitality Corporation targets businesses and assets in the hospitality, leisure, tourism, and travel industries. These businesses include, but are not limited to, hotels, resorts, timeshares, apartments, and restaurants. Although India Hospitality Corporation’s potential partnerships could come from any of these sectors, the initial focus is on the hospitality industry. IHC recently raised 100 million dollars in an Initial Public Offering. India Hospitality Corporation stock is traded on the Alternative Investment Market under the title IHC.
Jason Ader serves as Chief Executive Officer and
Chairman of the Board for the India Hospitality Corporation
and has a distinguished investing record in the hospitality
and hotel industry. Apart from his leading role in IHC,
Jason Ader is the founder and Chief Executive Officer
of
Hayground Cove Asset Management LLC, a New York based
hedge fund with interests in the India Hospitality
Corporation. Hayground Cove, is the apex of a notable
career for Mr. Ader and the fund currently has
approximately two billion dollars under management.
Jason Ader is known for his hands on investing style
and exhaustive research techniques. Recently this savvy
money manager stated that there are still growth
opportunities to be exploited in the Indian tourism sector.
Remarked Ader: “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.” India’s economy is one of the fastest growing in the
world and domestic tourism, which largely fuels the Indian
hospitality industry, grew 13.7 percent between 2000 and
2004. Amazingly the Indian middle class, which has
increasing disposable income and access to low cost travel,
has increased from 300 million people in 2005 to a
projected 500 million people in 2010.
Business is good for IHC. The Corporation recently
announced the purchase of Mars Restaurants Private Limited
(MRPL), a hotel and restaurant company and SkyGourmet
Private Limited (SCPL), a catering company that specializes
in airline cuisine. Both emerging firms are based in India.
The veteran leadership and savvy, growth-oriented mentality
of IHC mark it as a premier AIM security.