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The hotel was jointly inaugurated by Sri Pejavara Matha Seer Sri Vishwaprasanna Theertha Swamiji and Kukke Subrahmanya Matha Seer Sri Vidyaprasanna Theertha Swamiji .
In the following ceremony, Pejavara Sri blessed the occasion and mentioned that Jayaram Banan has made a significant contribution to Udupi through this hotel. He expressed his wish for the hotel to succeed with the blessings of Lord Krishna.
Subrahmanya Seer praised Udupi for its reputation in the food and hospitality industry, stating that such a hotel was much needed in the city. He commended Jayaram Banan for providing employment to thousands of people and for his successful management.
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Present at the event were T. Satish U. Pai, Executive Chairman of Manipal Media Network Ltd., Vinod Kumar, Managing Director and CEO of Manipal Media Network Ltd., MLAs Yashpal Suvarna and Sunil Kumar, BJP leader Mattar Ratnakar Hegde, Jagadish Adhikari, Ocean Pearl founder Jayaram Banan, Managing Director Roshan Banan, Vice Presidents Girish and Shivakumar, General Manager Prashanth Acharya, Times Square Mall owner Dr Jerry Vincent Dias, Glen Dias and Jason Dias of Mandavi Builders, businessmen Sairadha Manohar Shetty, Indrali Jayakar Shetty, Ibrahim Kodi, and former MLA Raghupati Bhat.