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Royal Orchid & Regenta Hotels Launch 2 New Properties

Posted On: 2019-10-22 14:59:11


Royal Orchid and Regenta hotels have launched two new properties - a business hotel in Bangalore's prime Indiranagar area, and a resort in Pench National Park, Madhya Pradesh.

With a portfolio of 55 properties operating in India, the addition of the new Bangalore hotel takes the company's count of hotels in Bangalore to seven. A boutique 40-key property, the Regenta Inn is located in the prime Indiranagar area, within CBD and in close proximity to MG Road. The hotel will serve accommodation requirements from multinational companies in the vicinity and also from Manipal Hospital which is a hub for international medical tourists.

Regenta Place Aranyaani Resort is located in Pench National Park, at the edge of the forest and just 90 kilometers from Nagpur. The resort features independent villas, each featuring a fireplace, a terrace, an open-air dining area, and multiple sit-out areas with stunning views of the forest.

Commenting on the new launches, Mr. Chander K. Baljee, Managing Director said, "We started our hospitality journey from Bangalore and opening our seventh hotel in Bangalore is not just another milestone, it is also a feather in our cap. Regenta Inn Indiranagar enjoys the unmatched advantage of being in a great location. It is a purpose-built hotel and will be a preferred choice for business travellers who seek value stays.

Regenta Place Aranyaani Resort in Pench is a much-awaited launch as it ties into our plan to offer boutique experiences to discerning wildlife travellers. The resort is a beautifully designed property which offers luxury accommodation. It effortlessly merges with its surrounding forest and I'm sure it will soon appear on the list of 'must-stay' jungle resorts in India."

Shares of ROYAL ORCHID HOTELS LTD. was last trading in BSE at Rs.78.5 as compared to the previous close of Rs. 77.35. The total number of shares traded during the day was 3532 in over 74 trades.

The stock hit an intraday high of Rs. 78.9 and intraday low of 77.5. The net turnover during the day was Rs. 277821.


Source: Equity Bulls

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