Royal Orchid Hotels

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

Royal Orchid Hotels

Type	Public BSE: ROHLTD NSE: ROHLTD
Industry	Hotel
Founded	1 January 1973 (1973-01-01)[1]
Founder	Chender K. Baljee[1]
Headquarters	Bangalore , India
Number of locations	58[1]
Area served	India
Key people	Chender K. Baljee​ (chairman​ &​ managing​ director)
Revenue	₹154.8 crore (US$22 million)[2]
Net income	₹12.2 crore (US$1.7 million)[2]
Total equity	₹27.2 crore (US$3.8 million)[2]
Owner	Chender K. Baljee
Website	royalorchidhotels.com

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.

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

• Hotel
• List of hotels

References

1. "History". Official website. Retrieved 1 October 2017.
2. "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.