<h1>Grand Continent Hotels Enters Revenue Sharing Agreement to Manage Hotel in Varanasi</h1>
<p>Grand Continent Hotels Limited (GCH) has executed a Revenue Sharing Agreement with M/s Fairlink Shoppers Private Limited. The agreement outlines the terms for Grand Continent Hotels to operate and manage a hotel facility located in Varanasi.</p>
<p>The partnership, established on August 22, 2026, dictates that GCH will take charge of the property to operate it as a hotel. The facility is located at House Nos. B.20/47-A and B.20/47-B, which forms part of Arazi Nos. 650, MI 650 and MI 650/1 in Mauza and Mohalla Bhelupur, Pargana Dehat Amanat, District Varanasi, Uttar Pradesh.</p>
<p>Under the agreement, GCH will operate the property under the brand name of 'Grand Continent Premier'. The facility is specified to contain 70 Rooms, a lobby and Reception area, a Restaurant, a Kitchen, Banquet halls, a Gym, and a Car Park Area.</p>
<p>The agreement includes specific timelines and operational requirements, detailing the period for the agreement and the subsequent handover process.</p>
<p>Key details of the Revenue Sharing Agreement are summarized below:</p>
| Particulars | Details |
|---|---|
| Counterparty | M/s Fairlink Shoppers Private Limited |
| Purpose | To operate and manage the hotel located in Varanasi |
| Agreement Date | August 22, 2026 |
| Fit Out Period | 60 days from the date of handover |
| Lock in period | 5 years from the date of signing of agreement |
| Operations Scope | Hotel management for 70 rooms, including designated areas like a Restaurant, Banquet halls, and Car Park Area |
| Related Party | No |
GCHOTELS Stock Price Movement
As of 9:51 AM, shares of Grand Continent Hotels Limited shed 0.41%, currently trading at ₹97.10 as the stock moves in live market activity. The equity has ranged throughout the session between a low of ₹97.00 and a high of ₹97.30.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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