- Business
- Gujarat Hotels Limited engages in the hoteliering business in India, owning and operating premium hospitality properties. The company owns WelcomHotel Vadodara, a five-star hotel featuring 144 rooms including Executive Club rooms, Corporate rooms, Standard rooms, and Exclusion rooms; banquet facilities; conference accommodations; fine dining at Cambay Pavilion restaurant; and leisure services such as spa and gym facilities, with all operations managed by ITC Hotels Limited under a long-term operating license agreement. Founded in 1982 and headquartered at WelcomHotel Vadodara, R.C. Dutt Road, Alkapuri, Vadodara, Gujarat, the company serves business travelers, tourists, and conference guests primarily in the Vadodara region as an associate of ITC Hotels Limited. Recent developments include the appointment of Rishabh Punjabi as chief financial officer effective March 7, 2025, alongside sustained revenue growth with total income rising 17.60% year-over-year to Rs 5.21 crore in the first nine months of fiscal 2025, reflecting improved operational performance in the hospitality sector.