Hotline: 1800 102 2007
Hotline: 1800 102 2007
Jun, 15 2019

Regenta & Royal Orchid Hotels to add 500 hotel rooms across 9 hotels

The expansion will take RROH’s overall portfolio to a little more than 4,000 rooms and 60 hotels in 40-odd locations.

Regenta & Royal Orchid Hotels to add 500 hotel rooms across 9 hotels

Regenta & Royal Orchid Hotels (RROH), a mid-tier hospitality firm, is planning to add about 500 hotel rooms across nine hotels. This will be achieved over the next six months using the management contract route.

The expansion will take RROH’s overall portfolio to a little more than 4,000 rooms and 60 hotels in 40-odd locations.

The hospitality firm also eyes to double the number of existing hotels to more than 100 with room inventory growing in the range of 60% to 70% over the next two to three years. 

Chander K Baljee, Managing Director, RROH, said, “The immediate additions are being made primarily through management contracts. However, the next phase of growth will see us use a combination of franchise, management, revenue sharing and leasing options to breach the figure of 100 hotels by 2022. While the number of hotels will double, the increase in guest rooms will not be in the same proportion because guestroom inventory may not be uniform across all the new hotels.”

“We are planning to add a few hotels on lease in some matured markets. If an opportunity comes by we will take this approach select markets that are crucial to our business. We are scouting around, but are not in a hurry to do so. Hotel asset owners are also warming up to the idea of franchising and we will adopt this route to expand. Of the next about 50 hotels, 30 will be through franchisee route, 20 management contracts and about five through leasehold agreements,” he further added.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Fashion Accessories
    ARCADIO’s extensive range of offerings includes award-winning eyewear collections, swanky..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Physiotheraphy Centre
    About Us: A Well Established Wellbeing Centre for Optimal Health Sammati is..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
  • About Us: Cambridge Montessori Pre School and Day Care is poised..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
  • About Us: Promising QSR brand. Launched in India IT city Benagaluru..
    Locations looking for expansion Delhi
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities