Royal Orchid Hotels (NSE:ROHLTD, BOM:532699) has entered into an agreement with the Karnataka State Tourism Development Corporation for the renewal of the land lease deed of its Hotel Royal Orchid in Bengaluru, India.
The lease has been renewed for a period of 29 years and 6 months, according to a Wednesday filing to the Indian stock exchanges.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.