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Kamat Hotels eyes tier-II cities in the South for expansion

26 Feb 2014 Evaluate

Kamat Hotels (India) is aiming tier-II cities in the South for expansion. The company is focusing on expanding its base through the franchisee route under the VITS brand. In this regard, the company’s first franchise property at Tirupur is scheduled to open on March 1, 2014. The company already operates hotels under the VITS brand at Pune, Nashik, Bhubaneswar, Aurangabad and Mumbai.

Moreover, the company is close of signing two other deals in Andhra Pradesh and expanding its base in towns such as Madurai and Salem in Tamil Nadu soon.

Kamat Hotels India is engaged in the hospitality business and is having Hotel, Resort & Restaurants.

Peers
Company Name CMP
The Indian Hotels Co 834.00
ITC Hotels 171.00
Mahindra Holi.&Resor 186.55
EIH 293.75
Chalet Hotels 811.35
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