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Sayaji Hotels' operating agreement for its Vadodara property, operated under the "SAYAJI" brand, is expiring with Prinite Hospitality Private Limited. The owner does not intend to renew this agreement. Instead, they have proposed that Sayaji Hotels continue to operate and manage the property under a Management Contract basis, where the company will earn management fees. This change is projected to lead to an approximate 24% reduction in annual revenue and around a 14% reduction in annual EBITDA. This shift alters how Sayaji generates income from this specific hotel.