Mumbai, November 23, 2021: Sayaji Hotels Ltd. (BSE/ NSE) today announced a strategic partnership with a majority stake in Intellistay Hotels, an integrated asset-light hotel management company with a unique collection of 5 distinctive brands namely Apodis Collection, Mango Suites, Mango Select, Mango Hotels and i-Stay Hotels. The partnership will add 27 Hotels in 15 cities to Sayaji Hotels’ current collection of 14 properties with its existing brands ‘Sayaji Hotels’, ‘Effotel by Sayaji’, and ‘Enrise by Sayaji’.
Intellistay Hotels presently operates 1350 rooms and plans to add 1000 rooms with 20 hotels across the country by H2 of 2022. With this move, Sayaji Group of Hotels will now operate 2772 rooms across 41 operational hotels with a series of new hotel launches in the pipeline. The transaction will make Sayaji Hotels a prominent player in the key metros and leisure markets.
Announcing the development Mr. Raoof Dhanani, Managing Director, Sayaji Hotels Limited, said, “We are delighted to welcome Intellistay Hotels with its portfolio of highly successful brands to the Sayaji Hotel family. This strategic alliance gives us a significant presence in key leisure and metro markets where Intellistay Hotels have already established their footprints”.
Mr. Rakshit Sharma, Vice President Operations & People Sayaji Hotels Limited, said, “we will leverage our shared expertise to enhance our market share, expand our product portfolio and provide best-in-class offerings for the guests. We believe this partnership will create new avenues for growth and reinforce Sayaji Group of Hotels as one of the fastest-growing hotel chains in the country”.
Sayaji Hotels is India’s premier upscale lifestyle hospitality brand, renowned for its bespoke experiences, signature hospitality, and ushering new standards of opulence in the 4-star and 5-star hotels category. The group currently operates 14 hotels in the cities of Indore, Vadodara, Kolhapur, Bhopal, Pune, Raipur, Rajkot, Nashik, and Sasan Gir. Intellistay Hotels has a strong presence in the mid-market leisure and tier-one hotel markets across India in the cities of Mumbai, Ahmedabad, Bangalore, Bhubaneshwar, Davengere, Jaisalmer, Hyderabad, Vijayawada, Mahableshwar, Nagpur, Udaipur, Navi Mumbai, Jodhpur, and Vadodara among others.
Corporate Comm India(CCI Newswire)
