New Launch14 Oct 2025, 07:00 pm
Vikram Kamats Hospitality Ltd Subsidiary Signs Long-term Lease Agreement for a 24-key Hotel in Nashik
AI Summary
Vikram Kamats Hospitality Ltd announced that its subsidiary, Vitizen Hotels Limited, has signed a long-term Lease Agreement for a hotel property in Panchavati, Nashik, Maharashtra. The hotel, which will have approximately 24 keys, is expected to commence operations in February 2026. This development is expected to boost the consolidated revenue for the Company.
Key Highlights
- Vikram Kamats Hospitality Ltd's subsidiary, Vitizen Hotels Limited, has signed a long-term Lease Agreement for a hotel in Nashik.
- The hotel, with approximately 24 keys, is expected to start operations in February 2026.
- The new hotel is situated at S.NO. 233/1, Plot No. 4, Near Mhaske Lawns, Opp Saishraddha Petroleum HPCL, Rasbihari Meri Link Road, Nashik-422203, Panchavati, Nashik, Maharashtra 422003.
- The new hotel is expected to boost the consolidated revenue for the Company.
- The hotel is expected to open for operations from February, 2026