Business Daily from THE HINDU group of publications
Tuesday, Jul 31, 2007
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Business Daily from THE HINDU group of publications Tuesday, Jul 31, 2007 ePaper |
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Corporate
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Outlook Royal Orchid Hotels eyes 2,000 rooms by 2010
Our Bureau Bangalore, July 30 With acquisition as the next step and mixing its portfolios with own property and leased ones, Royal Orchid Hotels Ltd (ROHL) hopes to extend its footprints pan-India with a basket of more than 2,000 rooms by 2010. The company proposes to invest Rs 500 crore to build up the additional inventory to its existing 700 rooms. ROHL already had made a bow into Jaipur, Pune and Hyderabad, while it aims at opening a five-star boutique hotel in Delhi and Mumbai in the next 18 months to fulfil its national ambition. Indicating this at a press conference to announce the opening of its second hotel in Mysore, Mr Chander Baljee, Chairman and Managing Director of ROHL, said that recently it had tied up with Ramada Worldwide to promote its brand in the country to set up four-star deluxe hotels. ROHL currently has nine hotels — four in Bangalore, two in Mysore, two in Pune and one in Jaipur. Re-launch
ROHL had won a 15-year lease to run the KRS Hotel and re-launched the 24-room heritage property under its brand name Royal Orchid Brindavan Garden. The hotel, overlooking the Brindavan Gardens, was renovated at a cost of Rs 4 crore. It was earlier run by the Karnataka State Tourism Development Corporation. Mr Baljee said Royal Orchid Brindavan will be positioned as a premium corporate retreat for conferences and leisure while it also hopes to attract tourist crowd from the North and Western Indian cities.
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