Kamat Hotels (India) Limited (KHIL), a pioneer in environmentally sensitive Indian hospitality, has announced a significant expansion of its presence in North Goa. The company has signed a management agreement to operate a second luxury hotel under its 'IRA by Orchid Hotel' brand, marking another milestone in its growth journey.

Property Details

The new property, set to become operational by September 30, 2025, will feature:

• 43 well-appointed guest rooms
• A banquet hall
• A swimming pool
• Two in-house restaurants
• A fully equipped health club

This strategic addition aims to strengthen KHIL's foothold in one of India's most popular leisure and tourism destinations, catering to both leisure seekers and business travelers.

Management Perspectives

Dr. Vithal Kamat, Executive Chairman & Managing Director of KHIL, expressed enthusiasm about the new venture, stating, "We are delighted to announce our new hotel in North Goa, a destination that holds immense potential for hospitality and tourism. This will be another milestone in our growth journey under the IRA by Orchid brand, and we remain committed to offering eco-friendly, world-class hospitality experiences to our guests across India."

Executive Director Vishal Kamat emphasized the company's commitment to sustainable hospitality, noting, "North Goa has always been a preferred choice for travelers, and with IRA by Orchid Hotel, we aim to provide them with an authentic yet sustainable hospitality experience. The property's facilities are designed to serve both leisure and business guests, making it a perfect blend of comfort, convenience, and our signature eco-conscious ethos."

Strategic Location

North Goa, renowned for its vibrant beaches, rich Portuguese heritage, and thriving nightlife, continues to attract both domestic and international travelers. From the bustling markets of Anjuna and Mapusa to the serene beaches of Vagator and Morjim, the region offers a unique mix of culture, adventure, and relaxation. The addition of IRA by Orchid Hotel in North Goa is expected to enhance the brand's footprint in this highly sought-after market.

Company Background

Kamat Hotels (India) Limited has established itself as a pioneer in environmentally sensitive Indian hospitality. The expansion in North Goa under the IRA by Orchid brand underscores the company's commitment to growth while maintaining its focus on eco-friendly and world-class hospitality experiences.

As the hospitality industry continues to evolve, KHIL's strategic expansion in North Goa positions the company to capitalize on the region's enduring popularity among travelers seeking both leisure and business accommodations.

Kamat Hotels (India) Limited has reported a strong performance for the first quarter, with significant growth in revenue and profitability. The company also unveiled ambitious expansion plans, aiming to nearly double its operational hotel count by the end of the fiscal year.

Financial Highlights

Kamat Hotels achieved consolidated revenue of INR 83.00 crores for Q1, representing a 12% year-on-year growth. The company's EBITDA saw a substantial increase of 37%, reaching INR 18.00 crores with a margin of 21.91%. Notably, profit after tax surged by 291% to INR 4.00 crores.

Expansion Plans

Executive Director Vishal Kamat outlined the company's aggressive expansion strategy during the earnings conference call. Kamat Hotels currently operates 19 hotels with approximately 1,825 rooms and plans to expand to around 25 operational hotels by the end of the current fiscal year, with a target of 30 hotels by March 2026.

The company is set to add several new properties to its portfolio, including:

• Orchid Rishikesh: Opening in August 2025, with a targeted Average Room Rate (ARR) of INR 15,000
• Properties in Dwarka and Bhavnagar: Scheduled to open by September 2025
• Orchid Panchgani: Opening in September 2025
• IRA by Orchid at Hi-Tech City, Hyderabad: A 60-room hotel expected to open by September 2025
• Orchid Nashik: Planned opening in April 2026
• Orchid Dehradun and Orchid Gwalior: Targeted to open by December 2025

Strategic Focus

Vishal Kamat emphasized the company's focus on qualitative growth, stating, "We want basically not just numbers, but we want qualitative numbers. Whichever of our hotels today, wherever we are operating, they are all operating in the top 5 or top 10 of their markets of the categories."

The company is particularly interested in larger inventory hotels, with expertise in operating properties with over 300 rooms. Kamat highlighted the different operational strategies required for various hotel sizes, from 0-70 rooms to 250+ rooms.

Financial Outlook

Despite the ambitious expansion plans, Kamat Hotels maintains a conservative revenue guidance of INR 400.00 crores for FY26. The company expects to reach INR 500.00 crores in revenue by FY27, driven by the addition of new properties and potential improvements in Average Room Rates (ARR) and occupancy levels.

Debt-Free Status and Future Prospects

Kamat Hotels has achieved debt-free status ahead of its target, demonstrating strong financial management. The company is now focusing on leveraging its established brand names - Orchid, IRA, and Kamat - to quickly ramp up operations in new locations.

With a strategic mix of established properties and new additions, Kamat Hotels aims to maintain its EBITDA margins in the range of 29-30% while pursuing aggressive growth.

As the Indian hospitality sector continues to recover and grow, Kamat Hotels is positioning itself to capitalize on emerging opportunities, particularly in premium wedding destinations and larger inventory hotels across key markets in India.