Kamat Hotels (India) (KHIL) through its wholly owned subsidiary Mahodadhi Palace (MPPL) has signed a Joint Development Agreement (JDA) with Constrict Hospitality to develop and construct a Five Star Luxury Heritage Hotel with 120 rooms at Mahodadhi Palace, Puri in Odisha.
For this proposed development, Constrict Hospitality will be a Special Purpose Vehicle (SPV). Out of 120 rooms, Mahodadhi Palace already has structure of 33 rooms, and 87 rooms will be constructed additionally. Post project completion, Mahodadhi Palace will become an ultra-luxurious property with 120 rooms and a Five-star multi-cuisine restaurant. The cost of the project is estimated at Rs 75 crore. Of which, Rs 1 crore will be paid by Constrict Hospitality to KHIL as the signing fee for this JDA.
Kamat Hotels (India) is engaged in the hospitality business and is having Hotel, Resort & Restaurants.
Company Name | CMP |
---|---|
Indian Hotel | 652.00 |
EIH | 442.30 |
Mahindra Holi.&Resor | 471.30 |
Chalet Hotels | 819.40 |
Lemon Tree Hotels | 148.00 |
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