Business Update30 Mar 2026, 07:21 pm
Kamat Hotels to Discontinue Operations of IRA by Orchid Hotels, Mumbai by March 2026
AI Summary
Kamat Hotels (India) Ltd. has announced that it will discontinue the operations of IRA by Orchid Hotels, Mumbai located at Dhanodham, Kondivita Road, Off. Andheri-Kurla Road, Andheri (East), Mumbai – 400059, effective April 1, 2026. The decision comes as the Leave and License Agreement for the property is set to expire on March 31, 2026. The company has assured that this discontinuance will not adversely impact its profitability in the coming financial years. The hotel property contributed Rs. 4807.59 Lakhs to the company's revenue from operations in the last financial year ending on March 31, 2025.
Key Highlights
- Kamat Hotels to discontinue operations of IRA by Orchid Hotels, Mumbai from April 1, 2026
- Discontinuance due to expiry of Leave and License Agreement
- Company assures no adverse impact on profitability in coming financial years
- Hotel property contributed Rs. 4807.59 Lakhs to revenue from operations in the last financial year