Joint Venture18 Nov 2025, 11:46 am
Sayaji Hotels Ltd Enters 15-Year Hotel Management Agreement with Om Shivam Buildcon
AI Summary
Sayaji Hotels Limited has entered into a 15-year Hotel Management Agreement with Om Shivam Buildcon Private Limited for managing and operating a 4-star rated hotel in Nagpur, Maharashtra. The hotel, which will be named 'EFFOTEL BY SAYAJI', will consist of 115 hotel rooms, 2 banquet halls, 2 restaurants, 2 board rooms, a gym, and a SPA. The agreement may be renewed for each renewal period of 5 years after the initial 15-year term.
Key Highlights
- Sayaji Hotels Ltd enters into a 15-year Hotel Management Agreement with Om Shivam Buildcon
- The hotel, named 'EFFOTEL BY SAYAJI', will be a 4-star rated property in Nagpur, Maharashtra
- The hotel will consist of 115 rooms, 2 banquet halls, 2 restaurants, 2 board rooms, a gym, and a SPA
- The agreement may be renewed for each renewal period of 5 years after the initial 15-year term
- The hotel is expected to commence operations under the Sayaji Hotels brand standards