Royal Orchid unveils its expansion plans

Image
Our Bureau Chennai/ Bangalore
Last Updated : Jun 14 2013 | 5:10 PM IST
The Bangalore-based Royal Orchid Hotels Limited intends to enter other cities like Hyderabad, Pune and Jaipur in the current financial year with an investment of Rs 60-70 crore.
 
These apart, the firm will open its second hotel at Krishnarajasagar (KRS) Gardens in Mysore.
 
Announcing the new initiatives of the firm, Royal Orchid Hotels Limited chairman Chander Baljee pointed out that the addition of the three new hotels will increase the total number of rooms from the existing 490 to 875.
 
"We intend to add approximately 385 rooms this year. We are also looking at other markets such as Shimla and Indore," he added.
 
The company aims to expand through a multi-pronged approach "" taking property on lease, revenue-sharing basis, management-control model and building own properties. The firm has four hotels at present.
 
"We entered Mysore by taking over the Metropole Hotel. Our second hotel, the KRS Hotel, will be launched shortly after the renovation. The Hyderabad and Jaipur hotels will be opened in December 2006," he stated.
 
The company has aggressive plans for growth all over the country. Baljee said the firm aims to establish a national presence in the coming years.
 
"We want to be ranked among the top five players in the Indian hospitality industry in the next three years," he said.

 
 

More From This Section

First Published: Jun 13 2006 | 12:00 AM IST

Next Story