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Royal Orchid transfers its Hyderabad Business by executing BTA

03 Dec 2013 Evaluate

Royal Orchid Hotels has transferred its Hyderabad Business by executing the Business Transfer Agreement (BTA) and has also completed the required documentations subsequent to obtaining of the approval from the shareholders in this regard through postal ballot.

Royal Orchid Hotels is the flagship of the entity of Royal Orchid Group of Hotels, which presently operates 23 business and leisure hotels in 15 popular destinations. Presently, Royal Orchid Hotels is among India’s fastest growing hospitality chains.

Peers
Company Name CMP
The Indian Hotels Co 725.65
ITC Hotels 162.00
Mahindra Holi.&Resor 200.65
EIH 294.20
Chalet Hotels 892.05
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