Intimation under Regulation 30 of the SEBI (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 15-year Hotel Management Agreement with The Siddharta Desert Resort LLP to manage and operate a 5-star hotel at Kadel, Pushkar (Rajasthan). The property includes 200 rooms, banquet halls, restaurants, a gym, and a swimming pool, and will be branded under a name determined by Sayaji Hotels. The agreement is renewable in 5-year blocks on mutually agreed terms and is not a related-party transaction. This expands Sayaji's managed portfolio through a third-party management contract rather than an owned asset.
This is a brand and fee-income expansion move for Sayaji Hotels, adding a large 200-key 5-star property in Pushkar under its management without capital investment. Positive for long-term revenue visibility through management fees, though near-term financial impact depends on commercial commencement timing and fee structure (not disclosed).