Hampton Sky Realty Ltd. (BSE: 526407) a leading conglomerate with business interests in the Real Estate, is pleased to announce its collaboration with Indian Hotels Company Limited (IHCL) and its subsidiary, Roots Corporation Limited (RCL), for two hotel properties in Ludhiana, Punjab.
Hampton and IHCL have entered into a Hotel Management Agreement (HMA) and Technical Services Agreement (TSA) (together referred to as the Gateway Agreements), which have been signed by Mr. Kavya Arora, Director on behalf of Hampton and by Ms. Suma Venkatesh, Executive Vice President, Real Estate & Development on behalf of IHCL. Pursuant to the Gateway Agreements, Hampton has agreed to construct a property, either directly or through a special purpose vehicle, at a land owned by Hampton at Mangli Nichhi, Ludhiana Chandigarh Highway, Punjab. The proposed property will house a fully customized and equipped hotel offering world-class facilities including an all-day dining restaurant, specialty restaurant, bar, banquet facilities, meeting rooms, swimming pool, gym and health club. The proposed hotel will be operated by IHCL under its brand “Gateway” in terms of the Agreements.
Further, hampton has also entered into an agreement to lease (ATL) with Roots Corporation Limited (RCL), a subsidiary of IHCL, which has been signed by Mr. Kavya Arora, on behalf of Hampton and by Ms. Deepika Rao, on behalf of RCL. In terms of the ATL, Hampton has agreed to construct and develop a separate property on the abovementioned land of Hampton. Upon completion of construction, the property will be granted on lease to RCL by way of a separate lease deed, for the latter’s use as a hotel under “Ginger” brand. The proposed Ginger hotel will offer approximately 100 guest rooms and will feature a variety of amenities, including an all-day dining restaurant and bar, meeting room, fitness center and swimming pool. The partnership between Hampton and IHCL/RCL will bring an international standard of service and hospitality to Ludhiana. The proposed hotel projects would also create significant job opportunities, boosting the local economy and contributing to Ludhiana’s appeal as a key business and leisure destination, providing travellers with an upscale and accessible stay
Established in 1973, Hampton Sky Realty Ltd, formerly known as Ritesh Properties and Industries Ltd (RPIL) is a leading company with business interests in the Real Estate. Hampton Sky Realty is based out of Ludhiana & Delhi under the leadership of Mr. Sanjeev Arora, Chairman cum Managing Director of the company. The Company was promoted by Late. Mr. Pran Arora was a leading industrialist of Punjab and father of Mr. Sanjeev Arora. The company has commenced construction on its latest project – Hampton Narayana Superspeciality Hospital (HNSH) in Ludhiana, in collaboration with Narayana Hospitals Ltd (NHL), a renowned hospital chain headed by Dr. Devi Shetty. Some other marquee projects under development are “Hampton Plaza”, coming up in an area of 200000 sqft., “Hampton estate” – commercial project spread over 12 acres with a built-up area of 500000 sqft, in Ludhiana. Total area currently under development spans 55 acres, with built-up area of 2.8 Million sq ft. Hampton Sky Realty Ltd is listed on BSE: 526407.
