Joint Venture24 Dec 2025, 03:28 pm
Sayaji Hotels Ltd Enters 15-Year Hotel Management Agreement with Siddhi Garima Reality Private Limited
AI Summary
Sayaji Hotels Limited has entered into a 15-year Hotel Management Agreement with Siddhi Garima Reality Private Limited for managing and operating a 4-star rated hotel located at Plot No. 31 & 32, Avassa Grassland, Opposite to Dwarka School, Mhalunge Ingale Tal Khed, Chakan, Pune-410501. The hotel property will consist of 110 hotel rooms, 1 banquet hall, 1 restaurant, 1 board room, gym, and SPA. The brand name to be used will be 'EFFOTEL BY SAYAJI'.
Key Highlights
- Sayaji Hotels Ltd enters a 15-year Hotel Management Agreement with Siddhi Garima Reality Private Limited
- The agreement covers a 4-star rated hotel with 110 rooms, 1 banquet hall, 1 restaurant, 1 board room, gym, and SPA
- The hotel is located at Plot No. 31 & 32, Avassa Grassland, Opposite to Dwarka School, Mhalunge Ingale Tal Khed, Chakan, Pune-410501
- The brand name to be used is 'EFFOTEL BY SAYAJI'
- The agreement may be renewed on mutually agreed terms for each renewal period of 5 years