Kamat Hotels (India) Limited (KHIL) has announced the opening of two new properties, expanding its footprint across North and South India. The company has launched The Orchid Rishivan Hotel in Rishikesh and IRA by Orchid Hotel in Hyderabad, adding a total of 117 new keys to its growing portfolio.

The Orchid Rishivan Hotel, Rishikesh

The Orchid Rishivan Hotel in Rishikesh features 54 elegantly designed rooms nestled in the foothills of the Himalayas. This eco-luxury property combines spiritual ambience with modern amenities, offering:

• A state-of-the-art spa
• Swimming pool
• Modern recreation centre
• Fully equipped conference room
• Dedicated yoga space next to a centuries-old Shivling temple

The hotel operates under a revenue sharing model and caters to the rising demand for wellness tourism and destination weddings. Guests can enjoy exquisite dining experiences at the 24-hour all-day restaurant and the Mountain View Bar.

IRA by Orchid Hotel, Hyderabad

Located in the vibrant city of Hyderabad, IRA by Orchid Hotel offers 63 modern rooms with contemporary dining facilities. Operating under a leased model, this property is designed to serve both the corporate and social events market. The hotel features:

• Comfortable and stylish accommodations
• In-house restaurant offering a mix of authentic Hyderabadi flavors and international cuisine
• Strategic location catering to business and leisure travelers

Strategic Expansion

Dr. Vithal Venkatesh Kamat, Executive Chairman & Managing Director of KHIL, commented on the launches, stating, "These openings highlight our dual focus – offering eco-luxury in India's spiritual heartland while expanding our contemporary hospitality brand in a vibrant metro. Both properties underline our commitment to sustainable growth and exceptional guest experiences."

Executive Director Vishal Vithal Kamat added, "With Rishikesh, we are tapping into the rising demand for wellness tourism, destination weddings, and retreats, while Hyderabad positions us to serve a thriving corporate and social events market."

Growing Portfolio

With these new additions, Kamat Hotels (India) Limited now operates over 1,800 keys across various cities in India, including Mumbai, Pune, Nashik, Jamnagar, Bhubaneshwar, Konark, Puri, Shimla, Manali, Goa, Ayodhya, and Noida.

The expansion demonstrates KHIL's commitment to diversifying its offerings and strengthening its presence in key markets across India. By focusing on both spiritual destinations and bustling metros, the company aims to cater to a wide range of traveler preferences and market demands.

Kamat Hotels (India) Limited , a prominent player in the hospitality sector, has announced the approval of its financial results for the second quarter and first half of the fiscal year 2025. The company's Board of Directors convened on October 25, 2024, to review and approve the unaudited standalone and consolidated financial statements.

Board Meeting Details

The board meeting, which commenced at 11:55 a.m. and concluded at 01:20 p.m., focused on the financial performance of Kamat Hotels for the period ending September 30, 2024. This crucial meeting marks an important milestone in the company's financial calendar, providing insights into its performance midway through the fiscal year.

Financial Results Overview

While specific financial figures were not disclosed in the announcement, the approval of both standalone and consolidated results suggests a comprehensive review of the company's operations. These results offer a snapshot of Kamat Hotels' financial health and operational performance across its various business units and subsidiaries.

Auditor's Review

Adding credibility to the financial statements, the company noted that the results were accompanied by Limited Review Reports issued by the Statutory Auditors. This independent review enhances the reliability of the financial information presented to stakeholders.

Regulatory Compliance

In line with regulatory requirements, Kamat Hotels has promptly informed both the BSE Limited and the National Stock Exchange of India Limited about the board's approval of the financial results. This timely disclosure ensures transparency and keeps the market informed about the company's latest financial developments.

The approval of these financial results provides a foundation for investors and analysts to assess Kamat Hotels' performance in the competitive hospitality industry. As the company moves into the second half of the fiscal year, these results will likely play a crucial role in shaping market perceptions and future expectations for Kamat Hotels (India) Limited.