Sayaji Hotels Ltd to manage 4-star rated hotel at Somnath, Gujarat

Sayaji Hotels Limited ("the Company") has entered into the Hotel Management Agreement with the Mahavan Resort 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 Mahavan Resort LLP located Somnath Gujrat.

The Hotel property will consist of- 50 Key Rooms, 1 Banquet Hall, 1 Banquet Lawn, 2 Restaurants, Gym, SPA.

The Brand Name to be used will be "The Forest Chapter" by Sayaji.

Shares of SAYAJI HOTELS LTD. was last trading in BSE at Rs. 282.35 as compared to the previous close of Rs. 287.00. The total number of shares traded during the day was 15 in over 6 trades.

The stock hit an intraday high of Rs. 287.00 and intraday low of 280.15. The net turnover during the day was Rs. 4227.00.

Source : Equity Bulls

Keywords

SAYAJIHOTELS INE318C01014 ManagementAgreement 4StarHotel Somnath