Jason Ader, CEO, India Hospitality Corporation and founder of Hayground Cove Asset Management
Jason Ader Leads IHC through Key Acquisitions
India Hospitality Corporation is a blank check company incorporated as an exempted company with limited liability under the laws of the Cayman Islands on May 12, 2006 to serve as a vehicle for acquisitions, through one or more stock purchases, asset acquisitions, or other business combinations, of businesses or assets in India focused on the hospitality, leisure, tourism, travel and related industries. The Target Businesses, being acquired via a reverse takeover, are operating companies in the hotel, airline catering and restaurant businesses in India.
Jason Ader Leads India Hospitality with Solid Investment Strategies
London-based India Hospitality, has raised $100 million to build or acquire midlevel 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. The nonluxury market has been overlooked by major Indian players such as Taj Hotels, Resorts and Palaces and Oberoi Group, Ader said.
Jason Ader Leads Hayground Cove in Investment in Isle of Capri Casinos
Hayground Cove is run by former Bear Stearns retail analyst Jason Ader. Recent positions of Ader's include Isle of Capri Casinos (ISLE - Cramer's Take - Stockpickr), where he's filed a 13D (suggesting he might have discussions with management), and troubled retail chains such as Rite Aid (RAD - Cramer's Take - Stockpickr - Rating) and RadioShack (RSH - Cramer's Take - Stockpickr - Rating).
Jason Ader of Hayground Cove Sees Boyd as Ripe for Takeover
Says Jason Ader, a gambling analyst before forming Hayground Cove Asset Management: "I've been buying, as Boyd sports the lowest price-earnings multiple in its group." With the stock cheap and consolidation on the rise, Ader sees Boyd as takeover bait.
Jason Ader Named as one of Forbes Top Analysts
Jason Ader – Named as one of Forbes best analysts, Ader specializes in hospitality and gaming sectors. Ader has been known to visit potential investments in person and analyze the quantitative aspects regarding the building, employees, and overall likeability compared to competitors. In addition to quantitative analysis, Ader understands that the success of any hospitality operation depends on the service, the presentation, and the amenities it provides. He has founded Hayground Cove based on this premise. The amount of interaction he has on the ground floor is in sharp contrast to others in the industry who simply remain in front of a spreadsheet.
Jason Ader, CEO of Hayground Cove Files Statements for IHC
India Hospitality Corp. (LSE:IHC), today announced that it has filed consolidated financial statements for the period May 12, 2006 (inception) to December 31, 2006. For the period from May 12, 2006 to December 31, 2006, the company generated an operating loss of $844,525 and pre-tax profit of $1,266,390 or $0.08 per share. As of December 31, 2006, the company had $99.6 million in cash.
Jason Ader, the company’s Chief Executive Officer and Chairman of the Board is the Chief Executive Officer of Hayground Cove Asset Management. Mr. Ader has a strong background in the leisure and hospitality industries.
Jason Ader’s India Hospitality Announces US $110 Million Deal to Form a Growing Diversified India-Based Hospitality Company
Sellers Retain Option to Reinvest up to US $75 million in India Hospitality
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, 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.
Jason Ader and IHC Announce New Board Appointment
Jason Ader’s India Hospitality Corporation, the
AIM-listed special purpose acquisition vehicle focusing
on hospitality, leisure, tourism, travel and related
businesses in India, is pleased to announce the
appointment of Rajeev Talwar (51) to the Board as a
Director. The appointment is effective immediately.