Royal Orchid Hotels Ltd. (ROHL) announced the signing of a new property in Rishikesh, the spiritual and adventure capital of the world. The new hotel, set to be operated under a management agreement, marks a strategic entry into the vibrant, high-growth tourism market of Uttarakhand, further reinforcing ROHL’s asset-light expansion model.
A strategically located 36-key hotel in Tapovan
The 36-key property, designed to cater to both spiritual seekers and adventure enthusiasts, the hotel will feature well-appointed rooms, a multi-cuisine restaurant, banquet and conference facilities ideal for destination weddings and corporate retreats, and essential wellness amenities like a spa and a fitness center. Its location will provide a picturesque base for exploring landmark sites like the Ram Jhula and Laxman Jhula.
Leadership remarks on the strategic expansion
Speaking on the strategic signing, 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.”
Partnership with IRIS Park Leisures Private Limited
The new hotel is being developed in partnership with IRIS Park Leisures Private Limited. Commenting on the collaboration, Varun Sharma and Manoj Gupta, Authorized Representative of IRIS Park Leisures Private Limited, 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.”
