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Private Sector | Multi State - India | PID: 203035
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Royal Orchid has plans for expanding its portfolio to 11,000 keys in two years by making its entry into new cities including Jammu & Kashmir, Uttar Pradesh, Andhra Pradesh, and Telangana, while bolstering its presence in existing locations.
The new properties across different market segments will be through management contracts, while some would leverage flexible-lease revenue-sharing model as part of its an asset-light strategy. The company plans to add 30-35 new properties in FY25, expanding its portfolio by approx. 2,000 rooms. It also seeks to establish additional luxury hotels to grow into a distinct brand.
The company, plans to rebrand the Regenta Inn line, and expand in the luxury and smart hotel segments. Earlier this year, Royal Orchid Hotels acquired the operational rights for a 300-room full-service hotel located at Mumbai International Airport, as its entry into the five-star hotel segment. Additionally, the company plans to launch a similar offering in Kevadia, near the Statue of Unity in Gujarat.
| Updated on: 20 - Jun - 2024
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