12th October 2023 — Arete Group of Companies, a distinguished business conglomerate, announced a momentous partnership with Fortune Hotels, a renowned member of the esteemed ITC hotel group. This partnership is marked by the signing of a significant management agreement that heralds the commencement of the upscale premier hotel in Kevadia, on the banks of the sacred Narmada River, situated in the picturesque locale of Ekta Nagar.
The partnership between Arete Group and Fortune Hotels promises to bring an elevated standard of hospitality to Kevadia, known for its natural beauty and the iconic Statue of Unity and an awe-inspiring and grand tribute to the Iron Man of India, Sardar Vallabhbhai Patel. The Premier Hotel is poised to become a premier destination, offering guests an exceptional blend of luxury, comfort, and convenience.
Siraj Saiyed, Director of Arete Group, expressed his optimism about the partnership, “This collaboration with Fortune Hotels is a significant step forward in our commitment to providing unparalleled hospitality experiences. This premier hotel will not only elevate the tourism landscape in Gujarat but also reflect our dedication to innovation and excellence.”
The signing event, graced by prominent executives and dignitaries representing both entities, signifies the commencement of an exhilarating venture aimed at establishing a hospitality sanctuary in the heart of Kevadia, situated along the revered Narmada River. This endeavor will address the requirements of both leisure and business travelers, promising a distinctive and unforgettable stay.
Samir MC, Managing Director of Fortune Hotels, expressed his enthusiasm, stating, “We are dedicated to expanding our presence in key locations as part of our business development strategy. Kevadia is an exciting addition to our portfolio, representing our sixth signing this year. This partnership is the second collaboration between Fortune Hotels and Arete Group in Gujarat, a testament to the strong foundation of trust and shared vision between our two organizations.”