Sayaji Hotels Limited
284.35
INR
-10.10
(-3.43%)
Sayaji Hotels Limited
NSE:SAYAJIHOTL
(National Stock Exchange of India)
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284.35
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- Business
- Sayaji Hotels Limited owns, operates and manages a portfolio of hotels, resorts and related hospitality facilities across India under its primary brands Sayaji, Effotel and Enrise; core offerings include luxury accommodations with elegant rooms and suites featuring minibars, flat-screen televisions, free Wi-Fi and butler service, multicuisine restaurants specializing in Indian, Chinese, continental and grill cuisine, rooftop eateries, cafes, bars, lounges, gyms, business facilities, event venues, marriage banquets, wellness services and convention centers such as Amber Garden in Indore. The company provides upgraded club lounge access, separate fitness centers, internet-connected computers and personal chef services at select properties; it also offers management contracts through its wholly owned subsidiary Sayaji Hotels Management Limited for asset-light expansion. Properties span tier-II and tier-III cities including Vadodara with two owned or leased hotels including the rebranded Effotel, Indore, Pune, Bhopal, Raipur, Kolhapur under management contract and additional managed hotels ranging from 36 to 250 rooms; geographic operations cover central and western India with over 1,400 rooms in 15 hotels across 11 cities. Founded in 1982 and headquartered in Indore, Madhya Pradesh, the company traces its hotel operations to 1987 with the first property in Vadodara, Gujarat, promoted by the late Sajid R. Dhanani. Recent developments include a October 2025 strategic venture into branded residences through a shareholders' agreement with SRSB Infrastructure Private Limited and partners, acquiring a 26% stake for Sayaji-branded development on an 18.64-acre plot in Nava Raipur Atal Nagar, Chhattisgarh under Madhya Pradesh Tourism Policy, alongside marketing, licensing, technical and 10-year management service agreements projected to generate approximately Rs 3.90 crore in fees; in March 2025, it acquired a large-category tourism project under MP Tourism Policy 2025. The company pursues asset-light growth via leases and management contracts for new properties including Raipur, Vadodara and Gurugram, alongside pipeline expansions such as Enrise Somnath, Enrise Bareily, TFC Jawai, Sayaji Amravati, Effotel Sangli, Enrise Latur and Enrise Gandhidham; it maintains consistent high ratings above 4 across properties and competitive pricing versus peers like Lemon Tree.