Royal Orchid Hotels Ltd - Brindavan Garden Palace & Spa, Mysore gets a 10-year Lease Extension

The esteemed hospitality enterprise, Royal Orchid & Regenta Hotels, known for its rapid expansion, has secured a new license agreement for the Royal Orchid Brindavan Garden Palace & Spa located in Mysore, India. This development is a testament to the company's continued growth and commitment to providing exceptional hospitality services.

The initial license agreement expired on March 31, 2023. The ROHL Board was successful in obtaining a new license agreement for a 10-year period. This new license can be renewed for another five years after the current 10-year period expires. According to records, the hotel's revenue is consolidated in the ROHL financials.

The renowned heritage hotel overlooks the world-famous Brindavan Gardens. Visitors have long praised the breathtaking views of the gardens at the KRS Dam. The 24-grandeur rooms have been styled with a royal touch, exuding charm and elegance.

Given the hotel's advantageous location, reservations are made months in advance. The Royal Orchid Brindavan Garden Palace & Spa, frequented by celebrities and HNIs, provides a respite from the hectic pace of city life.

The Garden Cafe, the hotel's courtyard-style coffee shop, is ideal for a quiet evening with friends, as is the Elephant Bar, both of which offer balcony views of Brindavan Gardens.

Loyalists to the property will highlight the multi-cuisine restaurant - C Ks - for its boutique dining experience. The hotel is a popular choice for staycations, city escapes, private celebrations, and evening get-togethers.

For recreation, the hotel has a 'giant' chessboard, Swimming Pool, a spa, a pool table, karaoke, and a PlayStation. With New operational Express Highway The Royal Orchid Brindavan Garden & Spa is just two-hour drive from Bangalore and is a popular choice for visitors to Mysore Palace, Ranganathittu Bird Sanctuary, Chamundi Hills, and other tourist attractions.

Shares of Royal Orchid Hotels Limited was last trading in BSE at Rs. 250.00 as compared to the previous close of Rs. 243.90. The total number of shares traded during the day was 18414 in over 1059 trades.

The stock hit an intraday high of Rs. 252.40 and intraday low of 236.30. The net turnover during the day was Rs. 4495704.00.

Source : Equity Bulls

Keywords

RoyalOrchidHotels INE283H01019 RegentaHotels LicenseAgreement LeaseExtension BrindavanGardenPalace Spa Mysore