Kamat Hotels (I) Limited has informed the Exchange about Signing of Agreement for Management and Operation of IRA by Orchid Hotel at Dwarka, Gujarat
KAMATHOTEL · price
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Kamat Hotels (India) Limited has signed a management agreement to operate a new property called 'IRA by Orchid Hotel' in Dwarka, Gujarat under its IRA by Orchid brand. The hotel will have 49 rooms, modern banquet halls, and a multi-cuisine restaurant, and is scheduled to start operations in October 2025. This is the company's 4th hotel in Gujarat and its 8th property under the IRA brand, adding to its existing portfolio of 1,824 operational keys across India. Management highlights Dwarka's significance as a Char Dham pilgrimage destination, expecting both spiritual and leisure travellers to drive demand.
This is a modest expansion through a management contract (not ownership), which involves limited capital outlay and adds to the company's footprint in a high-traffic pilgrimage location. Likely a mild positive for revenue visibility, though the 49-room scale is relatively small compared to KHIL's overall 1,824-key portfolio.