Kamat Hotels to Close IRA by Orchid Hotels Mumbai Property Following Lease Agreement Expiry
Kamat Hotels (India) Limited announced the closure of IRA by Orchid Hotels, Mumbai, effective April 1, 2026, due to the expiry of its Leave and License Agreement on March 31, 2026. The property contributed Rs. 4807.59 lakhs in revenue during FY 2024-25. The company has assured that this closure will not adversely impact its overall profitability in future financial years.

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Kamat Hotels (India) Limited has informed stock exchanges about the impending closure of its IRA by Orchid Hotels property in Mumbai, marking the end of operations at the Andheri East location.
Closure Details and Timeline
The hotel operations will be discontinued effective April 1, 2026, following the natural expiry of the Leave and License Agreement. The company had entered into this agreement on October 26, 2023, which is scheduled to expire on March 31, 2026.
| Parameter | Details |
|---|---|
| Hotel Name | IRA by Orchid Hotels, Mumbai |
| Closure Date | March 31, 2026 |
| Location | Dhanodham, Kondivita Road, Off. Andheri-Kurla Road, Andheri (East), Mumbai – 400059 |
| Reason for Closure | Expiry of Leave and License Agreement |
Financial Impact Assessment
The hotel property generated significant revenue for the company during its operational period. According to the disclosure, the property contributed Rs. 4807.59 lakhs in revenue from operations during the last financial year ending March 31, 2025.
| Financial Metric | Amount |
|---|---|
| Revenue from Operations (FY 2024-25) | Rs. 4807.59 lakhs |
| Impact on Future Profitability | No adverse impact expected |
Company's Position on Closure
Kamat Hotels has assured investors and stakeholders that the discontinuance of operations at this hotel property will not adversely impact the company's profitability in the coming financial years. This statement suggests that the company has adequate revenue streams from other properties to offset the loss of this particular hotel's contribution.
Regulatory Compliance
The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also referenced the SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, ensuring full regulatory compliance in its disclosure process.
The information has been communicated to both BSE Limited and National Stock Exchange of India Limited, with the company also updating its website with the relevant details for stakeholder access.
Historical Stock Returns for Kamat Hotels
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.18% | -3.72% | -14.36% | -49.58% | -42.97% | +409.95% |
Will Kamat Hotels pursue expansion into new markets or properties to replace the lost revenue from the Mumbai closure?
How might this closure affect Kamat Hotels' competitive position in the Mumbai hospitality market?
What strategic alternatives is the company considering for maintaining its presence in the lucrative Mumbai market?


































