Royal Orchid Hotels (ROHL) has successfully executed an agreement for the sale of its subsidiary, Multi Hotels, to Greenleaf Properties, a Tanzania-based company on January 29, 2026. With this transaction, Multi Hotels has ceased to be a subsidiary of Royal Orchid Hotels with effect from January 29, 2026.
The divestment is in line with ROHL’s strategic focus on optimising its portfolio, strengthening its balance sheet, and sharpening its emphasis on core hospitality operations across key markets. Multi Hotels had not commenced commercial operations, and the sale allows the company to unlock value while reallocating resources towards higher-growth opportunities.
The total consideration (collectively) for the Sale of 100% shares of Multi Hotels is $3,412,500, which will be received in instalments within a period of 120 days from the date of execution of the agreement.
Royal Orchid Hotels is one of India's fastest-growing hospitality brands. Royal Orchid Hotels is one of India's fastest-growing hospitality brands.
