Vikram Kamats Hospitality Expands Footprint with New Hotel Lease in Bengaluru's Manyata Tech Park
Vikram Kamats Hospitality Limited's subsidiary, Vitizen Hotels Limited, has secured a long-term lease for a 45-key hotel property in Bengaluru's Manyata Tech Park. This strategic move aligns with the company's expansion strategy in key metropolitan markets, focusing on asset-light models and long-term leases. The new property is expected to strengthen VKHL's presence in Southern India, enhance operating leverage, and contribute to consolidated business revenue. Managing Director Vikram Kamat emphasized the importance of this milestone in catering to the growing demand from business and corporate travelers in Bengaluru's dynamic market.

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Vikram Kamats Hospitality Limited (VKHL) has announced a significant expansion of its portfolio through a strategic move by its material subsidiary, Vitizen Hotels Limited. The company has secured a long-term lease agreement for a hotel property in the heart of Bengaluru's bustling Manyata Tech Park, marking a crucial step in its growth strategy within key metropolitan markets.
Strategic Location and Property Details
The newly leased property comprises approximately 45 keys and is strategically situated within Manyata Tech Park, one of Bengaluru's prominent IT hubs. This location positions the hotel to cater to a growing demand from corporate travelers, business professionals, and long-stay guests in the region.
Expansion Strategy and Business Model
This development aligns with VKHL's expansion strategy, which focuses on growing 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 in Southern India
- Enhance operating leverage
- Diversify the portfolio in the Southern market
- Contribute meaningfully to consolidated business revenue
Management's Perspective
Mr. Vikram Kamat, Managing Director of Vikram Kamats Hospitality Limited, commented on the development: "This marks another important milestone in our expansion journey. The strategic location of this property at Manyata Tech Park, Bengaluru, positions us to cater to the growing demand from business and corporate travelers in one of India's most dynamic markets."
He further added, "With this addition, we further strengthen our portfolio under the asset-light model, which we believe will drive sustainable growth and create long-term value for our stakeholders."
Company Background
Vikram Kamats Hospitality Limited, incorporated in 2007 and headquartered in Mumbai, is a prominent Indian hospitality company known for its mid-scale hotels and iconic vegetarian restaurant chains. The company operates through three strategic business verticals:
- COCO / Leased Model: Directly owns or operates select hotels and restaurants
- Managed / Franchised Model: Partners with third-party operators under VKHL brands
- Vitizen Hotels Ltd.: An 84% subsidiary managing the VITS Hotels & Resorts portfolio
With more than 25 hotels, 29 restaurants, and a growing national footprint, VKHL has established a strong presence across key markets in India's fast-growing hospitality sector.
This latest expansion in Bengaluru's Manyata Tech Park reinforces VKHL's commitment to growth and its strategy of targeting high-demand locations with asset-light models. As the company continues to expand its footprint, it aims to capitalize on the increasing demand for quality hospitality services in India's burgeoning business hubs.
Historical Stock Returns for Vikram Kamats Hospitality
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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+0.02% | +2.71% | +8.57% | +3.23% | -14.64% | +437.82% |