Royal Orchid Hotels’ New Venture: Partnership with MASA Hotels for Mumbai 5-Star Hotel

On April 4, 2024, Royal Orchids Hotels Limited informed the stock exchanges that the company had signed agreements with MASA Hotels Pvt. Ltd for their upcoming 300-room 5-star hotel in Mumbai, Maharashtra.

Royal Orchid Hotels Limited signed a lease/revenue-sharing agreement with MASA Hotels Pvt. Ltd. Last week, Royal Orchids Hotels announced the opening of an upcoming 288 keys 5-star hotel in Surat, Gujarat. Both new properties will be part of the soon-to-be-announced new upscale brand under Royal Orchid Hotels Limited ownership.

The leading hospitality brand stated in the exchange filing that the 300-key 5-star property will open in late 2024 and is conveniently located just a 2-minute walk from the terminal front door. This property spans over 12 floors and features a banquet ballroom, meeting floor, grand lobby bar, and 24-hour interactive food options. Additionally, on the 11th level, there is a business lounge catering to club and airport travellers. They will also have amenities such as a spa, gym, wellness facilities, and a rooftop infinity pool and bar.

Commenting on the latest developments, the Chairman and Managing Director of Royal Orchid Hotels, Chander K Baljee, said, “Following the addition of the 288-room upscale asset in Surat, we are thrilled to introduce our new 300-room 5-star property located in the heart of Mumbai at SAHAR T2. Positioned as a must-stay destination, we eagerly anticipate welcoming guests to experience our New brand and providing them with a fresh and unforgettable experience in Mumbai.”

Philip Logan, the Chief Operating Officer of Royal Orchid Hotels, stated, “This agreement signifies ROHL’s dedication to the west region and our intention to broaden our presence with multiple assets in a Tier 1 hub. The property’s distinctiveness and location make it a must-stay in Mumbai for both leisure and business travellers.”

In the quarter that ended December 2023, Royal Orchid Hotels Limited reported revenue of ₹53.97 crore, which is approximately 15.32% higher than the revenue of ₹46.79 crore in the quarter that ended December 2022.

On April 4, 2024, the Royal Orchid Hotels share price opened at ₹427.45, touching the day’s low at ₹411.90, as of 3:13 PM on the NSE.

About Royal Orchid Hotels Limited 

Royal Orchid Hotels Limited is one of the fastest-growing hotel chains in India. It mainly operates 5-star, 4-star, and resorts, allowing the company to target discerning business and leisure travellers. Royal Orchid Hotels currently operates more than 100 hotels across India.

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