Royal Orchid plans to sell couple of properties to reduce debt

The company is open to sell a couple of properties, including one in Bangalore

Travel News
Travel News

Royal Orchid Hotels Limited, is planning to liquidate more assets to reduce its Rs.1.60billion debt, according to reports.

Reports stated that the company is open to sell a couple of properties, including one in Bangalore.

Earlier in April, company sold a hotel property in Ahmedabad to Gurgaon-based SAMHI Hotels for Rs. 670mn.

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