Jolle Hospitality Group, Belagavi has signed a hotel draft agreement with renowned industry firm ITC Hotels on Monday (Oct.17) in New Delhi to establish biggest hotel in North Karnataka i.e., in Belagavi. Slated to open in the next year.
On this occasion Basavprasad Jolle, Managing Director magnum tuff industries, Shashikala Jolle, Minister for Muzarai, Haj & Wakf, Govt. of Karnataka. Annasaheb Jolle, Member of Parliament in the Lok Sabha from Chikkodi. Mr. Anil Chadha, Division Chief Executive, ITC Limited, Mr. Nakul Anand, Executive Director ITC Limited and senior officials were present.
Hotel to Spread across 5 acres of land in Kakati near Belagavi. It boasts of 116 rooms with a large convention centre and a dedicated club house.
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The management agreement is a contract entered into between two parties, usually the owner and the operator, who agree to certain terms and conditions which result in successful carrying out of the business. The management agreement in the hotel industry is usually a deed amongst two people in which the owner of the hotel does not want to manage the hotel either due to lack of expertise in the hospitality industry or due to lack of time and other resources.