Royal Orchid to open Peppermint in Vadodara

Having opened up its first property in Gujarat at Ahmedabad, Royal Orchid Hotels Limited is now looking to open its second property in the state at Vadodara.  While the company manages a 4-star business hotel under the brand name Royal Orchid Central at Ahmedabad, it plans to open its budget hotel brand Peppermint in Vadodara by September this year.

The 80-room budget hotel is likely to come up in a leased property, said Chender Baljee, chairman and managing director of Royal Orchid Hotels Limited, refusing to divulge further details of the upcoming property. For its upcoming hotel projects, the company is focusing on leased properties and management contracts for tier-II and tier-III cities.  "Going forward, we are looking at leased and management contracts for tier-II and tier-III cities.  On the other hand, we will be investment for our own properties in tier-I cities," Baljee added.  

 

At an investment of Rs 500 crore, the company is coming up with four hotel projects in cities like Jaipur, Shimoga, Navi Mumbai and Hyderabad in the current calendar year.

In Gujarat, for its business hotel in Ahmedabad, Royal Orchid Hotels is expecting a major influx of clientele from pharma industry, followed by auto and IT. While Royal Orchid Central in Ahmedabad was launched in December 2009 at an investment of Rs 42 crore, the company expects a revenue of Rs 15 crore from the 104-rooms property for the financial year 2010-11.

The hotel chain is also planning to open an overseas property in Dar Es Salaam, Tanzania. "We will be investing around Rs 100 crore to open our first international resort in 2012 at Dar Es Salaam, Tanzania.  We have bought a 300 acres land in the country where a 120-rooms hotel-cum-resort will come up," Baljee added.