Business Update11 Oct 2025, 01:21 pm
Sayaji Hotels Ltd. to Continue Operations on Management Contract Basis with Prinite Hospitality
AI Summary
Sayaji Hotels Ltd. has announced that the operating agreement with Prinite Hospitality Private Limited, in respect of the hotel premises situated at Vadodara, Gujarat, is scheduled to expire on 31st October, 2025. The owner has proposed to continue operations on a Management Contract basis. This change will have approximately 24% impact on an annual basis for revenue and approximately 14% for EBITDA.
Key Highlights
- Sayaji Hotels Ltd. and Prinite Hospitality Private Limited's operating agreement is set to expire on 31st October, 2025.
- Prinite Hospitality Private Limited has proposed to continue operations on a Management Contract basis.
- The change will have approximately 24% impact on an annual basis for revenue and approximately 14% for EBITDA.
- The property is operated under the 'SAYAJI' brand.
- The owner does not intend to renew the agreement beyond its current term.