Royal Orchid Hotels gains on signing new property in Lucknow
Royal Orchid Hotels is currently trading at Rs. 333.40, up by 1.55 points or 0.47% from its previous closing of Rs. 331.85 on the BSE.
The scrip opened at Rs. 334.90 and has touched a high and low of Rs. 334.95 and Rs. 333.40 respectively. So far 13 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 448.10 on 21-Feb-2024 and a 52 week low of Rs. 301.50 on 25-Oct-2024.
Last one week high and low of the scrip stood at Rs. 343.95 and Rs. 311.55 respectively. The current market cap of the company is Rs. 918.61 crore.
The promoters holding in the company stood at 63.65%, while Institutions and Non-Institutions held 7.38% and 28.97% respectively.
Strengthening its presence in Uttar Pradesh, Royal Orchid Hotels (ROHL) has signed a new property under the Regenta brand in Gomti Nagar, Lucknow. This marks ROHL’s second property in the city and its sixth in Uttar Pradesh, reinforcing the brand’s commitment to expanding in key tourism and business destinations.
Strategically located near the renowned Phoenix Palassio Mall, the new property is set to cater to both business and leisure travelers with world-class amenities and a contemporary hospitality experience. Under a lease from the developer, this hotel is poised to change the upscale hospitality of Lucknow.
Lucknow, renowned for its rich cultural heritage, literature, cuisine, and architectural marvels, continues to attract travelers from across the world. Situated in the heart of Gomti Nagar, the upcoming hotel will feature 190 elegantly designed rooms and a comprehensive range of facilities, including a spacious banquet hall, conference hall, fine-dining restaurant, bar, gym, swimming pool, spa, and a dedicated kids’ play area. Guests will also have access to a terrace area and a sprawling 19,000 sq. ft. banquet space, making it an ideal venue for large-scale events.
Royal Orchid Hotels is one of India's fastest-growing hospitality brands.
