Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 of entering into Hotel Management Agreement
SAYAJIHOTL · price
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Sayaji Hotels Ltd has entered into a Hotel Management Agreement to operate a new hotel property in Bengaluru, Karnataka. The hotel will have 59 rooms and operate as a 4-star property under the brand name 'Enrise' by Sayaji. This is part of the company's strategic expansion plans to strengthen its presence in the southern region of India. The agreement covers operational and management services for the property.
This announcement signals continued business expansion and diversification of revenue streams through management contracts rather than owned properties, which could be positive for the company's growth trajectory in South India.