8th February, 2012, New Delhi, India: Kamat Hotels (India) Ltd To Merge Kamat Restaurants, Lotus Resort Goa And Murud To Become One Of The Largest Players In The Hospitality Industry.
Promoters have taken a decisive major step towards consolidation of all business into Kamat Hotels India Ltd. by merging profitable hotel business and the highly profitable recession proof restaurant business owned by the promoters into KHIL. KHIL's Board has approved, the amalgamation Kamat Restaurants, Lotus Resort Murud (40 rooms) and Lotus Resort Goa (48 rooms) into KHIL.
Upon amalgamation, with over 53 units KHIL will be one of the largest hotel and restaurant chains in the country. This will help consolidate business in KHIL.
Mr Vithal Kamat ECMD of KHIL says, “This is a major step to align all Kamat group properties by bringing in the profitable Vithal Kamats Original Family Restaurants Chain and Lotus Resort hotels like Goa & Murud into KHIL. Continuing on a positive note Mr Kamat says,” The Restaurant business is poised for high growth with very low capex as most of the restaurants are developed under franchise. Vithal Kamats - The Original Family Restaurant- Achha Hai Sachha Hai (VKOFR)a symbol of Quality, Originality, Honesty and Trust is a premium trusted vegetarian family restaurant chain providing guest satisfaction through dedicated team, tasty Food, Beverages, spacious, safe and secured parking hygienic and clean restrooms are among many unique features that have stood the test of time.
Vithal Kamats - The Original Family Restaurants, is spread across multiple Cities (Mumbai, Pune, Nasik, Nagpur, Manor, Panvel, Mahad, Navi Mumbai Orissa) and has expansion plan pan India through Franchise and the Company Owned , Company Operated (COCO) route. At present VKOFR has 35 Outlets out of which 9 Outlets are franchised.
Lotus Resort is located at Benaulim Beach, South Goa that boasts of great beaches. The nearest airport, Dabolim is 25 kms away while the Madgaon railway station is at a distance of 10 kms away from the hotel. Lotus Resort Goa is a charming complex of 48 air-conditioned rooms consisting of 16 standard rooms, 16 deluxe rooms and 16 suite rooms, Restaurants, Bars, and a host of Recreational facilities including a swimming pool and a children's play area.
Lotus Resort is located at Dapoli Murud, at a distance of 240 km from Mumbai, 180 km, from Pune, 246 kms from Kolhapur and 400 km from Goa. is famous for its long extensive clean beach and Dolphins sighting, Lotus Resort Murud- has total 40 Rooms, 10 Standard A/C Rooms, 02 Four bedded AC Rooms, 18 Deluxe A/C Rooms and 10 Tents. It is equipped with all modern amenities. Facilities at the Resort include Dolphin sighting, Boating, and Indoor games Lotus Resort cottages consist of spacious, self-contained -double and family in true serene and rustic village ambience.
As a result of this merger 28,61,035 No. of shares will be issued by KHIL. This merger will increase KHIL’S Turnover by Rs.15 - 17 Crores & EBITDA by Rs.4 – 5 Crores.