Commences operations of 26-room leased hotel 'The Ocean Prime' at Dwarka after Sept 25 opening ceremony
The company held the opening ceremony of "The Ocean Prime" hotel at Dwarka, Gujarat on September 25, 2026 and has commenced operations.
By ScoutQuest · · 1 min read
- Hotel Rooms
- 26 rooms
- Monthly Lease Rent
- Rs. 3,00,000/-
- Annual Escalation
- 10%
- Security Deposit
- Rs. 50,00,000/-
- Lease Term
- July 1, 2026 to June 30, 2027
What happened
The company informed BSE that the opening ceremony of the hotel "The Ocean Prime" at Dwarka, Devbhumi Dwarka, Gujarat was held on September 25, 2026, and that it has commenced operations of the hotel under the Hotel Lease & Operating Agreement executed on June 25, 2026 with Ladhu Kara Charities (also known as Seth Ladhukara Charity Trust).
Key terms of the arrangement
- Property taken on lease includes the hotel premises with furniture, fixtures, fittings and equipment.
- Size: 26 rooms along with restaurant facilities.
- Monthly lease rent: Rs. 3,00,000/-, subject to an annual escalation of 10%.
- Refundable security deposit: Rs. 50,00,000/-.
- Term: commenced July 1, 2026, valid for 11 months and 29 days, ending June 30, 2027, unless terminated earlier per the agreement.
- The counterparty is an unrelated party, so this is not a related party transaction.
Rationale stated
The company describes the arrangement as part of its strategy to expand its hospitality business by operating a fully equipped hotel property, expanding its presence in the hospitality sector and creating additional revenue-generating opportunities.
How investors may read it
This moves an earlier announced agreement from signing to actual operation, meaning the hotel can now begin contributing revenue as well as lease-related costs. The scale is modest at 26 rooms, and the lease term currently runs to June 30, 2027 with a 10% escalation clause on rent. Investors may watch future results for the revenue and margin contribution from this hospitality operation.
More numbers
- Hotel rooms26 rooms
- Monthly lease rentRs. 3,00,000/-
- Annual rent escalation10%
- Refundable security depositRs. 50,00,000/-
- Agreement tenure11 months and 29 days
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