This is to inform you that the subsidiary of the Company viz. Vitizen Hotels Limited have acquired a Hotel property on ownership basis with 101 Rooms situated at Kavi Khabardar Marg, Main ....
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Vikram Kamats Hospitality Ltd informed the stock exchanges that its subsidiary, Vitizen Hotels Limited, has acquired a hotel property on an ownership basis. The property has 101 rooms and is located at Kavi Khabardar Marg, Main Road, Near Jetti, Nani Daman. The hotel is not operational yet and will undergo complete renovation and upgradation to meet market and company standards before generating revenue. Once operational, the revenue will be reflected on a consolidated basis in the company's financials.
This acquisition expands the company's hospitality footprint with a sizeable 101-room asset in Nani Daman, but near-term financial impact will be limited since the property requires renovation before becoming operational. Shareholders should watch for future updates on the renovation timeline and operational launch.