Royal Orchid Hotels shines on opening of 8 new properties

Royal Orchid Hotels Limited has announced the opening of 8 new properties under the brand Regenta Resort, Regenta Central, and Regenta Inn. 

Three business hotels were opened in prominent business districts of cities like Bangalore and Noida. Besides, three business/leisure hotels were opened in Panjim (Goa), Jaipur & Ajmer (both in Rajasthan). Two leisure properties were launched as well, one in Mashobra (Himachal Pradesh) and the other in Udaipur (Rajasthan). 

These hotels are located in close proximity to the cities' central business district and other transport hubs, which is predicted to feed a strong demand pipeline originating from industrial organisations and IT companies. 

Regenta Resort & SPA Mashobra (Shimla) marks the company’s foray into a tourist-intensive and high-demand area of Shimla and Mashobra. This resort further strengthens its presence in the state, where it is currently operating another resort. 

Regenta Central Mewargarh, which is located on the foothills of the world-renowned Sajjan Garh Fort, Udaipur is the latest addition to its portfolio. Along with contemporary rooms & cottages for leisure guest, this hotel will be providing contemporary banquet and open spaces for weddings & events. 

In Q1 & Q2 of FY22, the company’s management is expecting to add another seven hotels. Currently, it is operating 64+ hotels across 42 locations in India. 

On Tuesday during the early morning session, the stock of Royal Orchid Hotels was trading 9.5 per cent higher at Rs 77 from its previous close of Rs 70.35 on BSE.