Kamat Hotels buys 60% stake in Concept Hospitality for Rs 127 per share. Concept Hospitality is a sister concern of promoter, Vithal Kamat. Vithal Kamat has sold 60% holding in the company and he now has an indirect holding in Concept via 73% holding in Kamath Hotels.
Kamat Hotels buys 60% stake in Concept Hospitality for Rs 127 per share. Concept Hospitality is a sister concern of promoter, Vithal Kamat. Vithal Kamat has sold 60% holding in the company and he now has an indirect holding in Concept via 73% holding in Kamath Hotels.
Concept Hospitality is a management and consultancy company for hotels. They do not own the hotels, but manage them. Now that management control will rest with Kamat Hotels (India). Concept manages hotels such as Seasons in Pune, Wall Street in Jaipur and Manor Flotel in Delhi. Concept Hospitality Manages 650 rooms as on today.
The benefits to Kamat Hotels is that now Kamat Hotels (India) will operate and manage 1,250 rooms across India, they include 600 rooms from the current Kamat Hotels (India) & 650 rooms from Concept Hospitality.
Kamat Hotels buys 60% stake in Concept Hospitality for Rs 127 per share. Concept Hospitality is a sister concern of promoter, Vithal Kamat. Vithal Kamat has sold 60% holding in the company and he now has an indirect holding in Concept via 73% holding in Kamath Hotels.
Concept Hospitality is a management and consultancy company for hotels. They do not own the hotels, but manage them. Now that management control will rest with Kamat Hotels (India). Concept manages hotels such as Seasons in Pune, Wall Street in Jaipur and Manor Flotel in Delhi. Concept Hospitality Manages 650 rooms as on today.
The benefits to Kamat Hotels is that now Kamat Hotels (India) will operate and manage 1,250 rooms across India, they include 600 rooms from the current Kamat Hotels (India) & 650 rooms from Concept Hospitality.
