22 May 2024

Royal Orchid Hotels rises on signing ‘Regenta Resort’ in Gujarat

Royal Orchid Hotels is currently trading at Rs. 365.55, up by 2.30 points or 0.63% from its previous closing of Rs. 363.25 on the BSE.

The scrip opened at Rs. 370.55 and has touched a high and low of Rs. 370.55 and Rs. 362.55 respectively. So far 7013 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 448.10 on 21-Feb-2024 and a 52 week low of Rs. 279.65 on 22-Sep-2023.

Last one week high and low of the scrip stood at Rs. 395.00 and Rs. 357.95 respectively. The current market cap of the company is Rs. 1002.53 crore.

The promoters holding in the company stood at 63.60%, while Institutions and Non-Institutions held 6.73% and 29.68% respectively.

Royal Orchid Hotels (ROHL) has signed ‘Regenta Resort’, a luxury 5 star escape near the World’s tallest statue, Statue of Unity in Gujarat’s Kevadia town. The 15th ROHL branded hotel in Gujarat, Regenta Resort will be strategically located near this world renowned tourist attraction and help enhance the offerings to the burgeoning tourism market in the state. 

With 49 exceptionally appointed rooms, pool villa and suites, multiple F&B options, Regenta Resort will be the first luxury hotel to operate near the Statue of Unity. Leisure facilities in the hotel include a swimming pool, wellness center and gymnasium, lawns with landscaped garden are some of the other magnificent amenities of this idyllic retreat.

The signing of new property is part of ROHL’s rapid expansion plans in state of Gujarat. The hospitality chain commenced operating of the state’s largest all-suite hotel in Surat last month and has a number of new hotels in the pipeline in Gujarat. Regenta Resort at Statue of Unity will open its doors to guests in in the coming months.

Royal Orchid Hotels is one of India's fastest-growing hospitality brands.