Sayaji Hotels expands footprint with new management deal in Ranjangaon

Sayaji Hotels Limited has entered into a hotel management agreement with Ranjangaon Hotel LLP to provide operational services and manage a new property. This agreement aligns with the brand standards of Sayaji Hotels.

The agreement covers a 4-star rated hotel owned by Ranjangaon Hotel LLP, located at GAT 1101, Near Sai Ganesh Petroleum, Rajnangaon, Ganpati, Pune 412209. The property will feature 50 hotel rooms, one banquet hall, two restaurants, a gym, and a SPA. The brand name to be used for this property will be "EFFOTEL BY SAYAJI."

The agreement is for an initial period of 15 years from the date of commercial commencement of the hotel, with potential renewals for subsequent 5-year periods on mutually agreed terms. Sayaji Hotels Limited confirmed that this transaction does not fall within the scope of related party transactions.