Royal Orchid Hotels sells Hyderabad five-star hotel for Rs 179 crore

The hotel chain, promoted by Chander K Baljee, had in 2012 sold its Ahmedabad property for Rs 67 crore as part of the debt reduction plan

Travel News
Travel News

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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