Royal Orchid & Regenta Hotels Launches 5 New Properties

India's fastest growing hospitality chain with a diverse portfolio of hotels now operates 70 hotels across 48+ locations in India. The brand announced the opening of 5 new properties; two hotels under the brand Regenta Inn, one under the brand Regenta Central, one under the brand Regenta place and one under the brand Regenta Resort. These hotels were opened in various destination across India. Two hotels in Amritsar, one in Sampbalpur and one in Somnath. The group also opened one leisure property in Kabini, Karnataka.

The new hotels launched in Amritsar, Somnath and Sambalpur will help fortify the group's position as one of the leaders in the corporate business market.

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

Regenta Kabini Springs Resort in Kabin in the state of Karnataka, marks the groups foray into a tourist-intensive and high-demand area of Kabini. Surrounded by indigenous wildlife, a dense tropical jungle and a beautiful river, Regenta Kabini Springs Resort, Kabini distinctly offers surreal and bespoke experiences as wild as mother nature herself.

Commenting on the new launches, Mr Chander K. Baljee, Chairman & Managing Director said, "Despite several challenges and volatility faced during the last 16 month, ROHL has been growing from strength to strength. The addition of 5 new hotels into our group will further bolster our portfolio, add revenues and increase profitability in the years to come. We remain steadfast and focused on our goal to reach the milestone of 100 hotels by the end of 2022. I'm confident that in the months and years to come we will continue to grow at a phenomenal rate and reach greater height's".

Shares of Royal Orchid Hotels Ltd was last trading in BSE at Rs. 82.35 as compared to the previous close of Rs. 80.95. The total number of shares traded during the day was 6924 in over 269 trades.

The stock hit an intraday high of Rs. 83.7 and intraday low of 80.5. The net turnover during the day was Rs. 566203.

Source : Equity Bulls

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