Joint Venture29 Jan 2026, 05:11 pm
Sayaji Hotels Ltd Enters Lease Agreement with The Vajrapani and Mrs. Karma Chimee Bhutia for Property Management
AI Summary
Sayaji Hotels Limited has entered into a Lease Agreement with The Vajrapani (Proprietorship Firm) and Mrs. Karma Chimee Bhutia for managing and operating a hotel property. The agreement will be effective for a term of 14 years and 11 months from the last day of the rent-free period. The hotel property will consist of 32 rooms, 1 banquet hall, and 1 restaurant, operating under the brand names 'Effotel by Sayaji' or 'Enrise By Sayaji'.
Key Highlights
- Sayaji Hotels Ltd enters Lease Agreement with The Vajrapani and Mrs. Karma Chimee Bhutia
- The agreement is for managing and operating a hotel property
- The hotel property consists of 32 rooms, 1 banquet hall, and 1 restaurant
- The agreement is effective for 14 years and 11 months from the last day of the rent-free period
- Brand names for the property are 'Effotel by Sayaji' or 'Enrise By Sayaji'