Royal Orchid Hotels to open three properties in next two months

NEW DELHI: Royal Orchid Hotels on Thursday said all the three new properties it had recently signed are scheduled to open within the next two months.

Out of the three properties, the hotels in Goa and Noida will be under the Regenta Central brand, while the one in Belagavi will be positioned as a Regenta Resort, Royal Orchid Hotels said in a filing to the BSE.

“Our new openings are exactly in sync with our growth plan to reach 100 hotels. Through these launches, we will be strengthening our portfolio both in terms of geographical reach and diversified offerings,” Regenta & Royal Orchid Hotels MD Chander K Baljee said.

Shares of Royal Orchid Hotels Ltd closed at Rs 81.85 per scrip on the BSE, down 5.43 per cent from its previous close.

Source: Press Trust of India

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