Tag Archives: Royal Orchid Hotels

Royal Orchid Hotels Limited has approved an interim dividend of 10 per cent. The dividend will result in payout of Rs 3.19 crore (including dividend distribution tax). The record date for dividend payment is March 1, 2017. Commenting on the dividend results Chander Baljee, Chairman & Managing Director said, “After a gap of six years, the company has decided to declare a dividend to its shareholders. The dividend payout shows improved financial performance in the current financial year and we are optimistic of improved financial performance in the last quarter and the next financial year.” The company had reported net profit of Rs 4.23 crore for the third quarter ended December 2016 compared to net profit of Rs 2.01 crore in December 2015. In the first nine months of the current financial year, Royal Orchid Hotels has reported net profit of Rs 6.47 crore.

Royal Orchid Hotels announces the opening of two hotels under its brand Regenta Inn in Vadodara and Kolkata on Dec  15, expanding to 40 hotels by the end of 2016. Regenta Inn Vadodara is located at the newly constructed Ved Transcube Plaza adjacent to the Central Bus Terminal, walking distance to the Vadodara Railway Station and a short ride to the airport. The hotel offer 94 well-appointed room and is part of Ved Transcube Plaza that uniquely hosts various different shopping outlets, a flea Market, an Indian Heritage Lane, an Art Cafe, PVR Cinemas, a Thematic Food Court and Kids Game Zone. The hotel offers multiple banquet and conference facilities for upto 500 guests with state-of-the-art business facilities and Wi-fi services. Chander K. Baljee, MD of the Royal Orchid Hotels said, “We are glad to bring our brand of hotels in these cities. Kolkata has always been an important market for hoteliers in terms of both business and leisure segments. Whereas Gujarat tourism is already witnessing a boost and we intend to tap this segment with our existing portfolio along with our second property in Vadodara.” Regenta Inn, Kolkata is a budget friendly hotel consisting of 45 well-appointed rooms making it ideal for business & leisure travelers’ seeking accommodation next to the airport in new Kolkata city. The property offers choices between Executive rooms and premium rooms for a luxurious stay. The hotel offers optimum banquet spaces for small occasions, an all-day dining restaurant and a swimming pool.