Royal Orchid Hotels Ltd, the Bangalore-based company, is targeting a total inventory of around 5,000 rooms in the next three years as it looks to tap into growing domestic demand for branded hotels.The company recently launched its new brand Regenta.
The newly launched Regenta Hotel and Convention Centre in Delhi is spread across six acres of land with 50 rooms, extensive lawns and banquet halls.
The property is owned by Anant Raj Group and has been taken on lease by Royal Orchid. Royal Orchid Hotels Managing Director C K Baljee, said on the launch, "In the next three years, we expect to touch 5,000 rooms inventory by launching new hotels. Today, we have 20 hotels and in the next one year, we hope to have 30 hotels with total inventory of 3,000 rooms. The focus will be on management contracts."
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The property is owned by Anant Raj Group and has been taken on lease by Royal Orchid. Royal Orchid Hotels Managing Director C K Baljee, said on the launch, "In the next three years, we expect to touch 5,000 rooms inventory by launching new hotels. Today, we have 20 hotels and in the next one year, we hope to have 30 hotels with total inventory of 3,000 rooms. The focus will be on management contracts."
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