Royal Orchid Group takes over KRS Hotel in Mysore

Royal Orchid Hotels Ltd has announced that the Royal Orchid Group recently entered into a joint venture with Jungle Lodges & Resorts Ltd. Government of Karnataka to manage the Krishna Raja Sagar (KRS) Hotel, which has now been rechristened Royal Orchid Brindavan. The property has been leased out to Royal Orchid Group.

Speaking on the occasion, Mr. Chender Baljee, Chairman and Managing Director, Royal Orchid Group, said, "We will convert KRS Hotel in to an exclusive 25-room property with all five star facilities. This is our second investment in Mysore and we see great potential here. We will continue to acquire and lease out properties in tier II cities and towns as part of our focus and growth strategy. With booming business and infrastructure development in Mysore, the need for business hotels continues to be on the rise."

Spread across 1.5 acres and located around 15 kms from the city, Royal Orchid Brindavan will also have a spa, conference room, health club and swimming pool among other facilities. The hotel, which remained closed for seven years, is currently being restored and renovated by the Royal Orchid Group; operations are scheduled to start shortly. The Royal Orchid Brindavan is an oasis for the up-market corporate crowd, ideal for business events or weekend getaways from neighboring cities. The property is a splendid building situated on a ridge which runs at right angles to the dam, on a high natural eminence commanding a breath-taking view.

Source : Equity Bulls

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