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Royal Orchid Hotels lines up new mid-market brand

22 Sep 2011 Evaluate

Hotel chain operator Royal Orchid Hotels Ltd plans to add a new brand in the Indian mid-market space in the next couple of months to expand its portfolio. In the five-star segment the company has the Royal Orchid brand, in four-star, Royal Orchid Central, and maybe a notch below that the company is planning to put another brand. The new brand is likely to be launched in the next two months.

Peers
Company Name CMP
The Indian Hotels Co 727.55
ITC Hotels 162.80
Mahindra Holi.&Resor 199.75
EIH 293.40
Chalet Hotels 889.15
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