Royal Orchid Hotels rallies 3% on opening hotel in Gujarat
Royal Orchid Hotels shares gained more than 3 percent intraday on Wednesday after the company opened its new hotel, Regenta Central Harsha in Vapi, Gujarat.
The stock was quoting at Rs 103.65, up Rs 2.90, or 2.88 percent on the BSE, at 11:21 hours IST.
The hotel has 57 well equipped and luxurious rooms.
“We are putting our continuous effort to expand footprint at strategic locations in the country ensuring a memorable stay for the travellers,” Chander K Baljee, Managing Director, Royal Orchid Hotels said.
In the last two years the company has spread across the country with conscious selection of economically growing cities which welcomes trade and new businesses, he added.
Royal Orchid Hotels primarily operates a blend of 5 star, 4 stars, leisure, business and adventure hotels. It currently operates 48 hotels across the country.