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Royal Orchid Hotels

From Wikipedia, the free encyclopedia

Royal Orchid Hotels
Public
BSEROHLTD
NSEROHLTD
IndustryHotel
Founded1 January 1973 (1973-01-01)[1]
FounderChender K. Baljee[1]
Headquarters,
Number of locations
58[1]
Area served
India
Key people
Chender K. Baljee​ (chairman​ &​ managing​ director)
RevenueIncrease154.8 crore (US$22 million)[2]
Increase12.2 crore (US$1.7 million)[2]
Total equitySteady27.2 crore (US$3.8 million)[2]
OwnerChender K. Baljee
Websiteroyalorchidhotels.com

Royal Orchid Hotels a hotel chain operating hotels in India and Kenya.[1]

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.[citation needed]

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

References

  1. ^ a b c d e "History". Official website. Retrieved 1 October 2017.
  2. ^ a b c "Financial results". Bombay Stock Exchange. Archived from the original on 1 October 2017. Retrieved 1 October 2017.
  3. ^ Pooja Sarkar (21 June 2008). "Royal Orchid lines up six new hotels". Dnaindia.com. Retrieved 1 October 2017.
  4. ^ "Royal Orchid Hotels targets 50 hotels in two years". Business-standard.com. 23 May 2015. Retrieved 1 October 2017.
  5. ^ "Royal Orchid Hotels acquires Amartara Hospitality". Thehindubusinessline.com. 11 January 2011. Retrieved 1 October 2017.
  6. ^ "Royal Bank of Scotland buys 9.28 lakh shares of Royal Orchid". Moneycontrol.com. 20 September 2017. Retrieved 1 October 2017.


This page was last edited on 23 July 2020, at 09:04
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