KAMATHOTELNSEKamat Hotels (I) Limited· HotelsHighPositive
Announced Fri, 19 Jun · 16:23 IST

Kamat Hotels opens IRA by Orchid hotel in Bhavnagar, Gujarat with 50 rooms

Business Updates View source PDF

KAMATHOTEL · price

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Price reaction · full curve 14 horizons · vs prior close
+5.0%1-day move
₹171.85
prior close
₹172.01
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AI summary

Kamat Hotels (India) Ltd has opened a new 50-room hotel called IRA by Orchid in Bhavnagar, Gujarat under a leased model. The property offers Deluxe, Executive, and Suite rooms, a multi-cuisine restaurant, a gym, and five banquet venues for up to 500 guests. Located in ISCON Mega City, it targets business, leisure, and pilgrimage travellers near Palitana Jain Temples. This strengthens the company's presence in Gujarat under the IRA by Orchid brand. The company now has 1,900 plus operational keys across India.

Likely market impact

New property adds revenue potential and expands brand footprint in Gujarat. Leased model limits capital risk while adding operational scale.