Sayaji Hotels rallies on inking 15-year deal for Takve Khurd luxury hotel

Sayaji Hotels rallied 3.81% to Rs 295.85 after it has entered into a 15-year agreement with SPJ Recreational Centre to manage and operate a new 5-star hotel in Takve Khurd, Taluka Maval, near Wet and Joy Park, Pune, Maharashtra.

The agreement allows for renewal on mutually agreed terms for subsequent five-year periods.

The hotel, to be branded under the SAYAJI name, will feature 49 room keys, 71 villas with bedroom and hall, two banquet halls, a banquet lawn, a coffee shop cum restaurant, a specialty restaurant, an open rooftop restaurant, gym, spa, swimming pool, guest and service lifts, back-of-house areas, reception, offices, and ancillary equipment including two cars and an air-conditioning plant.

 

The handover of the property is scheduled on or before 31 December 2027. The transaction is not a related party deal. No other disclosures have been reported.

Sayaji Hotels is primarily engaged in the business of owning, operating & managing hotels.

The company reported a consolidated net loss of Rs 9.85 crore in Q2 FY26 as against Rs 1.30 crore posted in Q2 FY25. However, revenue from operations jumped 12.6% YoY to Rs 31.67 crore in the quarter ended 30 September 2025.

Powered by Capital Market - Live News