Royal Orchid Hotels
Royal Orchid Hotels a hotel chain operating hotels in India and Kenya.[1]
| Type | Public BSE: ROHLTD NSE: ROHLTD |
|---|---|
| Industry | Hotel |
| Founded | 1 January 1973[1] |
| Founder | Chender K. Baljee[1] |
| Headquarters | , |
Number of locations | 58[1] |
Area served | India |
Key people | Chender K. Baljee |
| Revenue |  ₹154.8 crore (US$22 million)[2] |
| ₹12.2 crore (US$1.7 million)[2] | |
| Total equity |  ₹27.2 crore (US$3.8 million)[2] |
| Owner | Chender K. Baljee |
| Website | royalorchidhotels |
History
The flagship hotel was established in Bangalore in 1973 by Chender K. Baljee.
In 2008, Royal Orchid Hotels operated 15 hotels.[3] By May 2015, the count of hotels rose to 28, including 10 owned by the company, and 18 managed through joint ventures or contracts.[4] In 2015, the Royal Orchid Hotels opened its first hotel outside of India, the Hotel Royal Orchid Azure in Nairobi.[1] As of 26 October 2019, Royal Orchid Hotels has 58 hotels under its fold with 3948 keys – just short of 4000 – out of which 47 are under management contract.
In January 2017, Royal Orchid Hotels became the full owner of Amartara Hospitality.[5] In September 2017, the Royal Bank of Scotland Group bought 9.28 lakh shares of Royal Orchid Hotels.[6]
See also
- Hotel
- List of hotels
References
- "History". Official website. Retrieved 1 October 2017.
- "Financial results". Bombay Stock Exchange. Archived from the original on 1 October 2017. Retrieved 1 October 2017.
- Pooja Sarkar (21 June 2008). "Royal Orchid lines up six new hotels". Dnaindia.com. Retrieved 1 October 2017.
- "Royal Orchid Hotels targets 50 hotels in two years". Business-standard.com. 23 May 2015. Retrieved 1 October 2017.
- "Royal Orchid Hotels acquires Amartara Hospitality". Thehindubusinessline.com. 11 January 2011. Retrieved 1 October 2017.
- "Royal Bank of Scotland buys 9.28 lakh shares of Royal Orchid". Moneycontrol.com. 20 September 2017. Retrieved 1 October 2017.
