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NEWS| Royal Orchid acquires Rs 82-crore property

To launch business hotel in Pune next month

Bangalore-based Royal Orchid Hotels recently acquired Royal Orchid Central, a property worth Rs 82 crore in the central business district of the city, through its subsidiary Icon Hospitality. Earlier, Royal Orchid was managing the 130 deluxe-rooms-property under a license agreement.



Apart from that, the hospitality chain plans to launch a business hotel called Royal Orchid Central in Pune next month. It will be part of the company's chain of business hotels, including existing properties in Jaipur and Bangalore and an upcoming one in Hyderabad. Last year, the company had entered Pune with a management contract of the Royal Orchid Golden suites at Kalyani Nagar.Bangalore-based Royal Orchid Hotels recently acquired Royal Orchid Central, a property worth Rs 82 crore in the central business district of the city, through its subsidiary Icon Hospitality. Earlier, Royal Orchid was managing the 130 deluxe-rooms-property under a license agreement.

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