Sayaji Hotels Ltd enters into Hotel Management Agreement with Ranjangaon Hotel LLP

Sayaji Hotels Limited ("the Company") has entered into the Hotel Management Agreement with the Ranjangaon Hotel LLP for the purpose of providing operational services and managing properties in line with the brand standards of the Company.

Sayaji Hotels Limited will Manage and Operate the 4-star rated Hotel owned by Ranjangaon Hotel LLP located at GAT 1101, Near Sai Ganesh Petroleum, Rajnangaon, Ganpati, Pune 412209.

The Hotel property will consists of50 Hotel Rooms, 1 Banquet Hall, 2 Restaurants, Gym, SPA.

The Brand Name to be used will be "EFFOTEL BY SAYAJI".

Shares of SAYAJI HOTELS LTD. was last trading in BSE at Rs. 281.10 as compared to the previous close of Rs. 285.00. The total number of shares traded during the day was 370 in over 24 trades.

The stock hit an intraday high of Rs. 294.85 and intraday low of 281.10. The net turnover during the day was Rs. 104303.00.

Source : Equity Bulls

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SAYAJIHOTELS INE318C01014 HotelManagementAgreement RanjangaonHotelLLp