Intimation for signing of the Long term Lease Agreement by material Subsidiary for operation of Hotel at Panchavati, Nashik
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Awaiting price reaction for this filing.
Vikram Kamats Hospitality Ltd's subsidiary, Vitizen Hotels Limited, has signed a long-term lease for a hotel property located in Panchavati, Nashik, Maharashtra. The hotel will have approximately 24 rooms (keys). It is expected to begin operations from February 2026. The company states this addition will boost consolidated revenue once operational. The announcement was made via BSE filing on 14th October 2025 by Managing Director Dr. Vikram V. Kamat.
This is a forward-looking expansion that should add to consolidated revenue once the hotel opens in Feb 2026. Near-term impact on stock may be limited as the hotel is still pre-opening and lease costs are not disclosed.