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Grand Continent Hotels (GCHOTELS) is significantly expanding its operational footprint by signing a Memorandum of Understanding to lease and manage a new hotel property. The agreement covers a 50-room hotel in Vellore, Tamil Nadu, which will operate under the 'Grand Continent' brand for nine years. This strategic business development adds key amenities like banquet halls, a resto-bar, and a restaurant to the company's portfolio, signaling robust growth in its hospitality division. This move directly enhances GCHOTELS' revenue potential and market presence.