Kamat Hotels (I) Limited has informed the Exchange about Signing of a Lease Agreement for Management and Operations of Luxury Orchid Hotel & Park Resort at Panchgani in Maharashtra
KAMATHOTEL · price
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Kamat Hotels (India) Limited has signed a lease agreement to manage and operate a new luxury hotel and park resort at Panchgani, Maharashtra under its flagship 'The Orchid' brand. The property will have 70 rooms in total, including 47 guest rooms and 23 luxury tent accommodations, along with a swimming pool, a 20,000 sq ft open lawn, a banquet hall, and a multi-cuisine restaurant. The resort is positioned as a premium leisure and wedding destination in the Sahyadri hills. The hotel is expected to become fully operational by September 2025.
This is a positive expansion move that strengthens Kamat Hotels' presence in Maharashtra and adds a new revenue-generating property to its portfolio, potentially boosting occupancy and brand visibility in the leisure hospitality segment.