Sayaji Hotels Enters Varanasi Hotel Management Agreement

Sayaji Hotels Limited has entered into a Hotel Management Agreement for providing operational and management services for a hotel property located at Varanasi, Uttar Pradesh. The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Project Details

• Property Location: Varanasi, Uttar Pradesh
• Hotel Capacity: 108 room keys
• Facilities: Banquet, Board Room, Gym, Spa
• Category: 4-star property
• Brand: Will operate under the brand name "Effotel by Sayaji"

Strategic Rationale

The agreement aligns with the Company's strategic expansion plans in key markets across India and is expected to further strengthen its presence in the northern region.