Grand Continent Hotels Enters Memorandum of Understanding to Develop Hotel in Vrindavan
Grand Continent Hotels Limited (GCH) has formalized a Memorandum of Understanding (MOU) with M/s Shri Girraj Maharaj Hospitality, setting the stage for the development and operation of a new hotel facility in Vrindavan, Uttar Pradesh.The partnership focuses on transitioning from the MOU phase to a definitive lease or revenue share agreement. Grand Continent Hotels Limited is set to operate the property under the brand name 'Grand Continent Premier'.
M/s Shri Girraj Maharaj Hospitality, which is registered under the Partnership Act, will be collaborating with GCH to secure the rights to operate the property located at A-4 Rukmani Vihar, Chhatikara Road, Vrindavan. The hotel facility will feature 64 rooms and various amenities, including a lobby cum reception, kitchen, banquet hall, gym, car park area, and a swimming pool.
The MOU, which was entered into on July 23, 2026, outlines the initial phase of the collaboration. This agreement is intended to lead to a long-term deal structure.
Key details of the collaboration are summarized below:
| Aspect | Details |
|---|---|
| Partner | M/s Shri Girraj Maharaj Hospitality |
| Property Location | A-4 Rukmani Vihar, Chhatikara Road, Vrindavan, Uttar Pradesh, India |
| Project Scope | 64 Rooms, lobby cum reception, kitchen, banquet hall, gym, car park area, and swimming pool |
| Operational Brand | Grand Continent Premier |
| MOU Period | 2 months |
| Definitive Agreement Term | Lease / Revenue Share Agreement: 9 years |
| Related Party Status | The transaction is not considered a Related Party Transaction. |
GCHOTELS Stock Price Movement
Shares of Grand Continent Hotels Limited are shedding 0.97% in live trading as of 9:17 AM, with the stock currently priced at ₹112. The equity has seen activity involving 39,000 shares and remains above its intra-day low of ₹111.2.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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