Vikram Kamats Hospitality Limited (formerly known as Vidli Restaurants Limited) has made a significant strategic expansion move in the Indian hospitality sector. As disclosed to the BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, its subsidiary Vitizen Hotels Limited has acquired a new hotel property on an ownership basis located at Kavi Khabardar Marg, Main Road, Near Jetti, Nani Daman. This acquisition marks a major step forward in the company's growth strategy.

The property includes 101 rooms, positioning it as a mid-sized hospitality facility suitable for both business and leisure travellers in the Nani Daman area, which has been increasingly developing as a travel and business destination due to its coastal charm and regulatory advantages.

According to the company’s official communication signed by Dr. Vikram V. Kamat, Managing Director of Vikram Kamats Hospitality Limited, the new hotel will not be immediately operational. Instead, the company has decided to undertake a comprehensive regularization, upgradation, and renovation exercise before the hotel is opened to the public. This strategic move ensures that the hotel will meet both market expectations and internal quality benchmarks established by the Vikram Kamats brand.

The company emphasized that this newly acquired asset will only begin to generate revenue on a consolidated basis once the planned improvements are complete and the hotel becomes operational. While no specific timeline has been disclosed regarding when the hotel will commence operations, the company assured stakeholders that updates will be provided as the development progresses.

The acquisition aligns with the company’s broader ambition to expand its hospitality footprint and strengthen its portfolio of owned and operated properties. Unlike leased or franchise models, the ownership model provides greater control over asset utilization, brand integration, and service standards.

The disclosure also noted that the acquisition was executed through its subsidiary company, Vitizen Hotels Limited, which has been spearheading the company’s foray into new hospitality ventures beyond restaurants, with a specific focus on hotel infrastructure development.

With the hospitality industry witnessing a rebound post-pandemic, and tourism picking up across India, especially in coastal and leisure locations like Daman, this acquisition can be seen as a timely strategic investment. The company aims to tap into the growing travel demand, positioning the new property as a destination of choice for tourists and corporate clients alike.

It is important to note that Vikram Kamats Hospitality Limited has evolved from being primarily a restaurant chain to becoming a diversified hospitality brand involved in hotels, restaurants, and hospitality education. Its brand Kamats India is already well-recognized across several regions for its standardized quality and value offerings.

The newly acquired property in Nani Daman is likely to be branded under the Kamats or Vitizen Hotels name, which has become synonymous with trusted, budget-friendly hospitality experiences. The location of the hotel near the jetty and on a prominent road indicates strategic positioning for accessibility and visibility.

This acquisition could also signify the beginning of more such asset-building initiatives, especially as real estate in tier-2 and tier-3 cities becomes more attractive due to increasing infrastructure development and relatively lower acquisition costs.

In summary, the key highlights of this disclosure include:

• Acquisition of a 101-room hotel property in Nani Daman through Vitizen Hotels Limited.

• Ownership basis of acquisition, strengthening the company’s asset portfolio.

• Planned renovation and upgradation before operational launch.

• Revenue from the new hotel to be recognized only post-operationalization.

• The move aligns with Vikram Kamats Hospitality Limited’s strategy to grow its presence in the Indian hospitality space.

Investors and stakeholders are advised to monitor subsequent communications from the company for updates on the operational launch timeline, branding, and its financial impact on the consolidated books.

As the hospitality sector continues to revive, this move positions Vikram Kamats Hospitality Limited for long-term value creation, capitalizing on a growing demand for quality accommodation and experiential stays across emerging destinations in India.

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