Kamat Hotels India Ltd signs a Second New Property in Nashik, Maharashtra

Kamat Hotels (India) Ltd. (KHIL), a pioneer in Environmentally Sensitive Indian Hospitality Services, has signed an agreement for the management and operations of a business and leisure hotel in Nashik under its flagship brand The Orchid ("Hotels").

This international-class luxurious boutique hotel will feature 57 elegantly well-appointed guest rooms, a swimming pool, a full-service health club, spacious banquet hall, and a curated selection of in-house dining experiences. Thoughtfully designed to cater to both business and leisure travellers, the hotel will offer a seamless blend of modern comfort and sustainable luxury.

Dr. Vithal Kamat, Executive Chairman & Managing Director said, "The launch of our second Orchidbranded hotel in Nashik marks a significant milestone in strengthening our footprint across Maharashtra, bringing our total presence in the state to Ten properties. This expansion reinforces our commitment to catering to both business and leisure travellers in one of India's most culturally vibrant and rapidly developing cities."

Mr. Vishal Kamat, Executive Director, said the hotel is expected to be fully operational by March 2026 and will cater to both business and leisure travellers visiting this culturally rich and fast-developing city.

Strategically located in northern Maharashtra, Nashik is renowned for its rich cultural heritage, spiritual significance, and emerging business landscape. Home to ancient temples, the sacred Godavari River, and the globally celebrated Kumbh Mela, Nashik also boasts a thriving wine industry-earning it the title "Wine Capital of India." The city's unique blend of tradition and modernity makes it an ideal destination for a wide spectrum of travellers.

Shares of Kamat Hotels (I) Limited was last trading in BSE at Rs. 241.25 as compared to the previous close of Rs. 245.35. The total number of shares traded during the day was 4591 in over 246 trades.

The stock hit an intraday high of Rs. 250.30 and intraday low of 234.05. The net turnover during the day was Rs. 1103106.00.

Source : Equity Bulls

Keywords

KamatHotelsIndia INE967C01018 Agreement Management Operations Nashik