Royal Orchid -; Regenta Hotels launches Regenta Suites in Gurugram; Stock climbs 3%

3 Mar 2022 , 03:08 PM

Royal Orchid Hotels Limited informed the exchanges that Royal Orchid & Regenta Hotels Limited on Thursday announced the opening of Regenta Suites in Gurugram- just 24 kms from Indira Gandhi International Airport. The hospitality chain with a diverse portfolio of hotels now operates 70+ hotels across 45+ locations in India, company said in a filing.

The newly launched hotel is located in the heart of Gurugram’s new IT & ancillary district- Sohna Road. Adjacent to Element One Mall and offering easy accessibility to the business district, city centre and other entertainment hubs, the hotel is predicted to feed a strong demand pipeline originating from business visitors, people on vacation and inveterate shoppers.

The hotel features 90 thoughtfully designed guest rooms and suites, banquet spaces, a swimming pool and a rooftop terrace that offers breath-taking views of the city. Making it a perfect lifestyle destination, Regenta Suites is a blend of shopping mall, restaurants, entertainment and wellness facilities.

At around 3.05 pm, Royal Orchid Hotels Ltd was trading at Rs96.55 per piece up by Rs3.05 or 3.26% from its previous closing of Rs93.50 per piece on the BSE.

Chander K. Baljee, Chairman & Managing Director said, “Despite several challenges and volatility faced during the last 24 months, the brand has been growing from strength to strength. With the addition of this hotel in the Millennium City of Gurugram, there will now be 2 ROHL hotels in Delhi-NCR including one in Noida. The opening of Regenta Suites into our group will further bolster our portfolio, add revenues and increase profitability in the years to come. We remain steadfast and focused on our goal to reach the milestone of 100 hotels by the end of 2022. I’m confident that in the months and years to come we will continue to grow at a phenomenal rate and reach greater height’s”.