Royal Orchid Hotels

Last updated

Royal Orchid Hotels
Company type Public
BSE:  532699
NSE:  ROHLTD
Industry Hotel
Founded1 January 1973 (1973-01-01) [1]
Founder Chander K. Baljee [1]
Headquarters,
Number of locations
65+ [1]
Area served
India,  Sri Lanka, &  Nepal
Key people
Chander K. Baljee  (Chairman & Managing Director)
RevenueIncrease2.svg154.8 crore (US$19 million) [2]
Increase2.svg12.2 crore (US$1.5 million) [2]
Total equity Steady2.svg27.2 crore (US$3.4 million) [2]
Owner Chander K. Baljee
Website royalorchidhotels.com

Royal Orchid Hotels a hotel chain operating hotels in India, Sri Lanka and Nepal. [1]

Contents

History

Royal Orchid Beach Resort & Spa, Goa RoyalOrchid Goa3450.jpg
Royal Orchid Beach Resort & Spa, Goa

The first hotel was established in Bangalore in 1973 by Chander K. Baljee, starting with Hotel Harsha. Harsha enjoyed a number of firsts in the sleepy town of Bangalore - the first hotel with chana bathura, the first hotel with a North Indian restaurant, the first hotel to start outdoor caterings, the first with Colour TV's in the rooms, and most recently the first hotel with free Wi-Fi. In 2001, the company opened The Royal Orchid, its flagship with 195 rooms on the KGA Golf Course in Bangalore.

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 March 2024, the company celebrated a milestone of opening its 100th hotels with dozens in the pipeline to open in the next few months.

Properties

As of February 18, 2024, there are 100+ Hotels and Resorts with 5900+ rooms open and operating, under the brand.

See also

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References

  1. 1 2 3 4 5 "History". Official website. Retrieved 1 October 2017.
  2. 1 2 3 "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.