Vikram Kamats Hospitality's material subsidiary secures Landmark Hotel Deal at Bengaluru's Manyata Tech Park

Vikram Kamats Hospitality Limited as part of its continued expansion strategy in key metropolitan markets, informs that its material subsidiary, Vitizen Hotels Limited, has executed a long-term lease agreement for the operation of a hotel property located at No. 4, HBR 1st Stage, 5th Block, Manyata Tech Park, Bengaluru - 560045.

The said property comprises approximately 45 keys and is strategically situated within the prominent IT hub of Bengaluru, thereby offering strong visibility and significant potential to cater to the growing demand from corporate travelers, business professionals, and long-stay guests in the region.

This development is in line with the Company's growth strategy of expanding its presence in key metropolitan cities through a combination of asset-light models and long-term lease arrangements. The addition of this property is expected to strengthen the Company's brand presence, enhance operating leverage, and diversify its portfolio in the Southern market.

Upon commencement of operations, the Company expects this hotel to make a meaningful contribution to its consolidated business revenue and further drive sustainable growth in the coming years.

Commenting on the development, Mr. Vikram Kamat, Managing Director of Vikram Kamats Hospitality Limited, said: "This development marks another important milestone in our expansion journey. The strategic location of this property at Manyata Tech Park, Bengaluru, positions us to cater to the growing demand from business and corporate travelers in one of India's most dynamic markets. With this addition, we further strengthen our portfolio under the asset-light model, which we believe will drive sustainable growth and create long-term value for our stakeholders. This hotel will not only enhance our presence in Southern India but also contribute meaningfully to our consolidated revenues. We remain committed to expanding our footprint across key markets while maintaining strong operational efficiency."

Shares of Vidli Restaurants Ltd was last trading in BSE at Rs. 63.99 as compared to the previous close of Rs. 63.98. The total number of shares traded during the day was 20657 in over 66 trades.

The stock hit an intraday high of Rs. 64.62 and intraday low of 62.19. The net turnover during the day was Rs. 1318867.00.

Source : Equity Bulls

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VikramKamatsHospitality INE564S01019 VitizenHotels LongTerm LeaseAgreement