Royal Orchid Hotels Limited has informed the Exchange regarding a press release dated July 21, 2026, titled "Press Release".
ROHLTD · price
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Royal Orchid Hotels' subsidiary Royal Orchid Goa Private Limited has signed a revenue-sharing agreement to add Laxminarayan Palace Resort, Vadodara to its premium Iconiqa Collection brand. The palace-inspired property features 106 rooms and suites spread across Palace and Heritage wings, along with six indoor event venues, landscaped lawns, a ballroom, swimming pool, spa, and multiple dining options including Mayur Pankh, Cafe Nirvaan, and Little Italy. The agreement follows an asset-light growth model, allowing ROHL to expand without owning the property outright. The resort is positioned as a landmark destination for weddings, celebrations, corporate events, and leisure stays in Vadodara. With this addition, Royal Orchid Hotels strengthens its portfolio of 124+ hotels across India under the Royal Orchid, Iconiqa, and Regenta brands.
This is a positive expansion move that adds a high-profile destination property to the Iconiqa Collection without capital investment, supporting earnings through revenue sharing. It reinforces the company's asset-light growth strategy and strengthens its presence in Gujarat, potentially driving incremental revenue and brand visibility.