Stock Report

Kamat Hotels India Ltd signed a new property in Mandavi, Kutch District, Gujarat

Posted On : 2025-02-20 23:38:43( TIMEZONE : IST )

Kamat Hotels (India) Limited, a pioneer in Indian Hospitality Services, has signed a Management Agreement ("Agreement") for the management and operation of Orchid Hotel located at Mandavi in Kutch District of Gujarat.

This Hotel will offer approximately 153 well-appointed rooms/villas, designed to provide a luxurious and comfortable stay. The property will feature a range of premium amenities, including a party lawn, banquet halls, a pure vegetarian restaurant, swimming pools, and a mini golf course. Guests can also enjoy a fully equipped gym, spa, kid's play area, amphitheater, pickle ball courts, and an indoor games arena, making it an ideal destination for leisure, relaxation, and celebrations. The Hotel is expected to start its operations by December 2027.

Mandavi is a picturesque beach town within the municipality of Kutch District in Gujarat, India. Historically, it was a significant port city and served as a summer retreat for the Maharao (King) of the former princely state of Kutch. Blessed with pristine beaches, ancient Jain temples, historic shipbuilding yards, and numerous heritage sites, Mandavi has evolved into a popular tourist destination. Its golden sandy shores and serene Arabian Sea coastline attract visitors seeking relaxation and natural beauty. The town is also known for its rich maritime history, with traditional wooden shipbuilding still practiced along its coast. Mandavi's architectural marvels, cultural heritage, and scenic landscapes make it an ideal getaway for history enthusiasts, spiritual seekers, and nature lovers alike. The fusion of its royal legacy, religious significance, and coastal charm continues to captivate tourists from across the country and beyond.

Shares of Kamat Hotels (I) Limited was last trading in BSE at Rs. 284.75 as compared to the previous close of Rs. 290.10. The total number of shares traded during the day was 39462 in over 1653 trades.

The stock hit an intraday high of Rs. 298.80 and intraday low of 279.00. The net turnover during the day was Rs. 11437966.00.