Kamat Hotels India Ltd To Divest Four Sites To Reduce Debt

This fiscal, KHIL will focus largely on expanding its hotel portfolio in Mumbai and Pune, which are owned properties. The company’s brands include The Orchid, VITS, Lotus Resorts and a heritage property in Pune christened Fort Jadhavgadh.
In Pune, the company is putting up 400 rooms between its two brands, The Orchid (200 rooms) and VITS (200 rooms) at Balewadi. A 120-key VITS hotel is already operational, with the balance rooms to be opened in a phased manner.
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