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Regenta & Royal Orchid Hotels announce launch plans for Three New Properties

Posted On: 2019-07-18 14:35:29

India's fastest growing hospitality chain with a diverse portfolio of hotels now operates 50+ hotels across 35 locations in India. The brand recently announced signing up of three new properties; in North Goa, Noida (Uttar Pradesh) and Belagavi (Karnataka). All three properties are scheduled to open within the next 2 months.

Of the three new openings, two properties (in Goa and Noida) will be positioned under the Regenta Central brand while the one in Belagavi will be positioned as a Regenta Resort.

The new hotel in Goa marks the groups foray in the touristintensive and high-demand area of North Goa, and further strengthens the group's presence in the destination, where two resort properties are currently operating, in the south.

The Regenta Central Noida will be situated within the citycentre area, close to the Delhi Metro line and will feed a strong demand pipeline originating from industrial companies and IT parks which are in close proximity.

Located on the old Belagavi-Goa route, Regenta Resort Belagavi will feature contemporary rooms and cottages and will serve business as well as leisure guests, while also providing contemporary banquet and open spaces for weddings and events.

Chander K. Baljee, Managing Director, Regenta & Royal Orchid Hotels said, "Our new openings are exactly in sync with our growth plan to reach 100 hotels. Through these launches, we'll be strengthening our portfolio both in terms of geographical reach and diversified offerings. These hotels will help us play-out our well-defined Regenta brand architecture and offer best-in-class accommodation and services for business as well as leisure guests. The properties are being beautifully designed and feature contemporary amenities which guests will love. All our hotels will offer our distinctly warm Indian hospitality, these will be hotels with a soul".

Shares of ROYAL ORCHID HOTELS LTD. was last trading in BSE at Rs.86 as compared to the previous close of Rs. 88.1. The total number of shares traded during the day was 2936 in over 85 trades.

The stock hit an intraday high of Rs. 91.45 and intraday low of 85.7. The net turnover during the day was Rs. 259487.


Source: Equity Bulls

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