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09-Dec-2025     12:06
Royal Orchid Hotels signs new property in Rishikesh
The upcoming hotel will be operated under a management agreement, reinforcing the company's asset-light expansion strategy.

The 36-key property, located in Tapovan, offers convenient access to the River Ganga, prominent ashrams, and the region's adventure tourism hubs. Designed to serve both spiritual travellers and adventure enthusiasts, the hotel will feature well-appointed rooms, a multi-cuisine restaurant, banquet and conference facilities suited for destination weddings and corporate events, along with wellness amenities such as a spa and fitness centre.

Chander K. Baljee, chairman & managing director, said, 'Rishikesh holds unparalleled importance in India's tourism landscape, blending spiritual heritage with adrenaline-pumping activities. This signing perfectly aligns with our vision to establish a strong presence in culturally significant destinations. We are confident that this new property will set a benchmark for quality hospitality in the region and contribute significantly to our North India growth trajectory.'

The new hotel is being developed in partnership with IRIS PARK LEISURES. Commenting on the collaboration, Varun Sharma and Manoj Gupta, authorized representatives of IRIS PARK LEISURES, stated, 'We are excited to join hands with Royal Orchid Hotels to bring the reliable and quality Regenta experience to Rishikesh. Our shared commitment is to offer every guest an exceptional stay, blending local tranquility with world-class service.'

Royal Orchid Hotels operates and manages hotels/resorts and provides related services through its portfolio of hotel properties.

The company's consolidated net profit dropped 42.9% to Rs 4.28 crore on a 12.5% rise in revenue from operations to Rs 79.19 crore in Q2 FY26 over Q2 FY25.

The counter shed 0.44% to Rs 386.30 on the BSE.

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