Royal Orchid Hotels Ltd (ROHL) shares jumped over 4% after the company announced the signing of its latest property in Ambala, a strategic city in Haryana bordering Punjab. This expansion underscores ROHL’s commitment to growing its presence in emerging and lesser-explored regions of India, boosting domestic tourism and hospitality services.
The new 65-key property, developed in partnership with Mr. Lovepreet Singh, will operate under a management agreement, aligning with ROHL’s asset-light model while continuing its focus on delivering exceptional guest experiences.
Strategically located in Ambala, the upcoming resort is set to cater to both business and leisure travellers. Spread across six acres with a built-up area of 1,05,000 sq. ft., the resort will feature 65 well-appointed rooms, including deluxe, club, and suite categories. Guests will also enjoy a multi-cuisine restaurant, vibrant bar, fully-equipped gym, rejuvenating spa and salon, and a spacious swimming pool.
The property is designed to host a wide range of events, offering four banquet halls ranging from 3,200 sq. ft. to 8,000 sq. ft., a dedicated conference area, and an expansive 25,000 sq. ft. lawn with tent facilities. This makes it ideal for destination weddings, social celebrations, corporate events, and industry conventions.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
