Sayaji Hotels Ltd has entered into a 15-year management agreement with Ranjangaon Hotel LLP to operate a new 4-star property in Pune under the “Effotel by Sayaji” brand. The hotel will feature 50 rooms, banquet facilities, restaurants, a gym, and a spa, strengthening Sayaji’s presence in Maharashtra’s hospitality market.
Sayaji Hotels Limited announced on December 2, 2025, that it has signed a hotel management agreement with Ranjangaon Hotel LLP to operate a newly developed property in Pune. The hotel, branded as “Effotel by Sayaji,” will be a 4-star facility located near Sai Ganesh Petroleum, Ranjangaon, Pune.
The property will include 50 rooms, one banquet hall, two restaurants, a gym, and a spa, catering to both business and leisure travelers. The agreement spans 15 years from the date of commercial commencement, with provisions for renewal in 5-year increments.
This move aligns with Sayaji Hotels’ expansion strategy, which focuses on strengthening its footprint in key industrial and commercial hubs across India. The company’s recent growth in assets and fixed investments underscores its commitment to scaling operations and enhancing brand visibility.
Key Highlights / Major Takeaways
Agreement Signed: With Ranjangaon Hotel LLP for 15 years.
Property Details: 4-star hotel, 50 rooms, banquet hall, restaurants, gym, spa.
Branding: Operated under “Effotel by Sayaji.”
Location: Ranjangaon, Pune – a growing industrial and commercial hub.
Strategic Goal: Strengthen Sayaji’s presence in Maharashtra’s hospitality sector.
Sources: FilingReader, ScanX News