Royal Orchid Hotels gains on launching new hotel `Regenta Central Grand Exotica Pune`
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Royal Orchid Hotels is currently trading at Rs. 244.65, up by 0.75 points or 0.31% from its previous closing of Rs. 243.90 on the BSE.
The scrip opened at Rs. 243.75 and has touched a high and low of Rs. 246.05 and Rs. 236.30 respectively. So far 11449 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 317.80 on 01-Dec-2022 and a 52 week low of Rs. 112.55 on 22-Jun-2022.
Last one week high and low of the scrip stood at Rs. 283.05 and Rs. 232.20 respectively. The current market cap of the company is Rs. 664.24 crore.
The promoters holding in the company stood at 63.60%, while Institutions and Non-Institutions held 4.72% and 31.68% respectively.
Royal Orchid Hotels (ROHL) is launching new hotel ‘Regenta Central Grand Exotica Pune’. The Regenta Central Grand Exotica located in Pune is being included in the brand offerings of ROHL. The company is acquiring the property on a revenue-sharing basis, which will directly contribute to bottom line income. This addition brings portfolio to a total of 14 JLO properties. With the acquisition of the Grand Exotica Business Hotel, ROHL now owns and operates three grand hotels in Pune, including the Royal Orchid Central, Kalyani Nagar, Marisoft Annexe, and Royal Orchid Golden Suites, Kalyani Nagar, Cerebrum IT Park.
The Regenta Central Grand Exotica Business hotel is located in the heart of PCMC at Chinchwad amidst green surroundings. It is situated within driving distance of the airport (45 mins) and Pune Railway station (30 mins).
Royal Orchid Hotels is one of India's fastest-growing hospitality brands.
