Kamat Hotels (I) Limited has informed the Exchange about Signing of an Agreement for Management and Operations of Second Luxurious Orchid Hotel at Rishikesh in Uttarakhand"
KAMATHOTEL · price
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Kamat Hotels (India) Limited has signed an agreement to manage and operate a new luxury hotel in Rishikesh under its 'The Orchid Hotel' brand. This will be the company's second Orchid-branded property in Rishikesh and the third in Uttarakhand. The hotel will have around 44 rooms along with a banquet hall, swimming pool, conference room, and a 24-hour dining restaurant. The property is expected to be fully operational by December 2026. Rishikesh, known as the Yoga Capital of the World and a gateway to the Garhwal Himalayas, is a high-traffic spiritual and adventure tourism destination. The expansion supports the company's strategy to grow its hospitality footprint in Uttarakhand.
This is a positive expansion move that strengthens the company's presence in a popular tourism hub, with potential to add to revenues once operational in late 2026. However, the impact will be gradual since the hotel will take around 18 months to become operational, and no financial terms or investment details were disclosed.