New Launch2 Dec 2025, 07:21 pm
Sayaji Hotels Ltd Enters 15-Year Hotel Management Agreement with Ranjangaon Hotel LLP
AI Summary
Sayaji Hotels Limited has entered into a Hotel Management Agreement with Ranjangaon Hotel LLP for managing and operating a 4-star rated hotel in Pune. The hotel, to be named 'EFFOTEL BY SAYAJI', will consist of 50 hotel rooms, 1 banquet hall, 2 restaurants, a gym, and a SPA. The agreement is for an initial period of 15 years from the date of commercial commencement, with the possibility of renewal for 5-year periods.
Key Highlights
- Sayaji Hotels Ltd enters into a 15-year Hotel Management Agreement with Ranjangaon Hotel LLP
- The hotel, named 'EFFOTEL BY SAYAJI', will be a 4-star rated hotel in Pune
- The hotel will consist of 50 hotel rooms, 1 banquet hall, 2 restaurants, a gym, and a SPA
- The agreement is for an initial period of 15 years, with the possibility of renewal for 5-year periods
- The hotel is expected to commence operations at GAT 1101, Near Sai Ganesh Petroleum, Rajnangaon, Ganpati, Pune 412209