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 Corporate - Mergers & Acquisitions
Royal Orchid buys Bangalore hotel

Bangalore, Nov. 13

Royal Orchid Hotels Ltd has informed the Bombay Stock Exchange that as part of its expansion plans, its subsidiary Icon Hospitality Pvt Ltd has acquired Hotel Royal Orchid Central for Rs 82 crore. When contacted, company officials were not available for comment. Hotel Royal Orchid Central, located in the central business district area of Bangalore, has 130 deluxe category rooms with two fine dining restaurants, a bar and other facilities. - Our Bureau

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