Sayaji Hotels Limited has taken another step toward strengthening its presence in Maharashtra by signing a long-term Hotel Management Agreement with Om Shivam Buildcon Private Limited. Under this partnership, Sayaji Hotels will oversee the operations and management of a brand-new 4-star property located in Hingna, Nagpur, Maharashtra, pin code 441108.
The agreement allows Sayaji Hotels to manage and operate the hotel for 15 years starting from the date the property becomes commercially operational. Once this period ends, the contract can be renewed for additional five-year terms based on mutually agreed conditions, making it a long-term collaboration aimed at steady growth.
The upcoming hotel will operate under the “Effotel by Sayaji” brand, which is known for providing modern comfort, reliable hospitality, and value-driven experiences. The property itself is planned to feature 115 well-designed rooms along with two banquet halls, two restaurants, two board rooms, a gym, and a spa. With these facilities, the hotel is expected to attract both corporate and leisure travellers in a rapidly developing part of Nagpur.
The company also confirmed that this agreement does not fall under Related Party Transactions, and all terms are aligned with standard commercial practices. Beyond this, no additional disclosures were required at the time of the announcement.
