New Launch11 Aug 2025, 02:14 pm
Vikram Kamats Hospitality Ltd's Subsidiary Signs Lease Agreement for Hotel Property in Bengaluru
AI Summary
The subsidiary of Vikram Kamats Hospitality Ltd, Vitizen Hotels Limited, has signed a long-term lease agreement for a hotel property located at No. 24, HBR 1st stage, 5th Block, Manayata Tech Park, Bengaluru 560045. The property has approximately 40 rooms, one restaurant, and other hotel facilities. This agreement is expected to contribute to the consolidated revenue and profits of the Company after the commencement of its operations.
Key Highlights
- Vitizen Hotels Limited, a subsidiary of Vikram Kamats Hospitality Ltd, has signed a long-term lease agreement for a hotel property in Bengaluru.
- The property is located at No. 24, HBR 1st stage, 5th Block, Manayata Tech Park, Bengaluru 560045 and has approximately 40 rooms, one restaurant, and other hotel facilities.
- This agreement is expected to contribute to the consolidated revenue and profits of the Company after the commencement of its operations.