Royal Orchid Hotels has sold its Hyderabad five-star property Regenta One to Gurgaon-based hotel development and investment group SAMHI for Rs179 crore. The 159-room hotel is the second property that the chain has sold to SAMHI since 2012.
The transaction is part of a debt restructuring plan and it will help reduce Royal Orchid Hotels' debt burden from Rs175 crore toRs 35 crore.
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