This is a regulatory disclosure made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, concerning material events.
The Byke Hospitality Limited has signed Agreements/Memorandum of Understanding (MOU) for three new properties:
1. Nashik Property - 'The Byke Astara Club Resort'
- Location: S. No. 89/3 & 89/6, Vilholi Shivar, Nashik.
- Property Details: 10 Villas (30 keys) and 24 Suite Apartments (48 keys).
- Amenities: Full club amenities, including a dedicated Club Building, Swimming Pool, and Lawn area.
- Agreement Type: Signed agreement.
2. Mumbai-Sahar Road Property
- Location: Aviara C Wing, Opp. Hilton Garden Inn, Sahar Road, Andheri East, Mumbai– 400099.
- Brand: To be operated under "The Byke" brand.
- Proposed Capacity: 59 keys.
- Amenities: Entrance lobby, reception desk, terrace area, and dining space.
- Agreement Type: Memorandum of Understanding (MOU).
3. Mumbai-Borivali East Property
- Location: Main Kasturba Road, Borivali East, Mumbai – 400066.
- Brand: To be managed and operated under "The Byke" brand.
- Capacity: 49 keys.
- Amenities: In-house restaurant and dedicated parking facilities.
- Agreement Type: Memorandum of Understanding (MOU).
Concurrently, the company has ceased operations at the following five properties as part of its ongoing operational strategy to optimize asset allocation, consolidate business operations, and focus on high-yield revenue centers:
- The Byke- Chandigarh House-Bhopal
- The Byke Om Celebration- Bhopal
- The Byke Signature Planet- Indore
- The Byke Hotel Skylark Seafront- Dapoli
- The Byke- Nature Villas-Shimla
The financial impact of these expansions and closures is not quantified in the disclosure.