Vikram Kamats Hospitality’s material subsidiary -- Vitizen Hotels has executed a long-term lease agreement for the operation of a hotel property located at Bengaluru. The said property comprises around 45 keys and is strategically situated within the prominent IT hub of Bengaluru, thereby offering strong visibility and significant potential to cater to the growing demand from corporate travelers, business professionals, and long-stay guests in the region.

This development is in line with the company’s growth strategy of expanding its presence in key metropolitan cities through a combination of asset-light models and long-term lease arrangements. The addition of this property is expected to strengthen the company’s brand presence, enhance operating leverage, and diversify its portfolio in the Southern market.

Upon commencement of operations, the company expects this hotel to make a meaningful contribution to its consolidated business revenue and further drive sustainable growth in the coming years.

Vikram Kamats Hospitality is engaged in the hospitality business and runs chain of restaurants either through own operated outlets or through franchisee operated outlets.