Hospitality chain Royal Orchid Hotels (NSE:ROHLTD, BOM:532699) has signed a new hotel property at Mundra in Gujarat, India, according to a Friday filing to the Indian stock exchanges.
The upcoming hotel in Mundra will be operated under a hotel management agreement, through its asset-light model.
The property will have 103 rooms and is scheduled to open by the fiscal fourth quarter of financial year 2027, ending March 31, 2027.
The company's shares were down nearly 2% in recent trade.
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