Kamat Hotels (India) Limited signs a Second New Property in Rishikesh, Uttarakhand

Kamat Hotels (India) Ltd (KHIL), a pioneer in Environmentally Sensitive Indian Hospitality Services, has signed an agreement for the management and operations of a Second Luxury hotel in Rishikesh and Third in Uttarakhand under the brand The Orchid ("Hotel").

The Hotel will feature 44 elegantly designed luxurious rooms of different categories, surrounded by dense forest, a swimming pool, banquet hall and additionally, the property will include a fully equipped conference room, making it an ideal venue for corporate retreats as well as weddings celebrations and an exquisite dining experience at the 24 hours all day dining restaurant.

Dr. Vithal Kamat, Executive Chairman & Managing Director, said this would enhance our presence in the hospitality of Uttarakhand State with the Third Orchid brand Hotel opening here.

Mr. Vishal Kamat, Executive Director, said the hotel is expected to be fully operational by December 2026.

Rishikesh, nestled in the Himalayas along the Ganges River in Uttarakhand, India, is a spiritual and cultural hub known as the "Yoga Capital of the World." This revered Hindu pilgrimage town features temples, ashrams, and renowned yoga centers. As the "Gateway to the Garhwal Himalayas," Rishikesh attracts both spiritual seekers and adventure enthusiasts. Visitors can explore temples, participate in the Ganga Aarti, and join yoga camps, while also enjoying activities like river rafting and bungee jumping. Rishikesh beautifully blends tranquility with adventure, making it an ideal destination for those seeking both spiritual growth and excitement.

Shares of Kamat Hotels (I) Limited was last trading in BSE at Rs. 239.40 as compared to the previous close of Rs. 236.65. The total number of shares traded during the day was 5010 in over 293 trades.

The stock hit an intraday high of Rs. 241.00 and intraday low of 234.55. The net turnover during the day was Rs. 1192278.00.

Source : Equity Bulls

Keywords

KamatHotelsIndia INE967C01018 LuxuryHotel Second Rishikesh Third Uttarakhand