Over the past two decades, beginning with a single property in Bengaluru, Royal Orchid Hotels Ltd (ROHL) has grown into a diversified hospitality group with a strong presence across business, leisure, wedding and wildlife destinations in India and overseas.
Under its Vision 2030 roadmap, ROHL aims to more than double its portfolio to over 346 hotels with 22,000 keys. The company has already announced 47 new hotels comprising 3,190 keys.
“We have now crossed a significant milestone of 10,700 keys across more than 168 hotels, including upcoming properties. Over 47 hotels are currently in the pipeline, and these new hotels will be operational within the next one-and-a-half years,” said CMD Chander K. Baljee during an earnings call.
“Our expansion remains focused, scalable and aligned with our asset-light philosophy, driving higher returns while maintaining capital discipline,” he added.
“As we transition into the next phase of growth, we are building a technology-driven, asset-light hospitality powerhouse aimed at maximising reach, enhancing operational efficiency and delivering superior shareholder value.”
The company has established a clearly defined brand architecture comprising Z, Place, Regenta, Crestoria and Iconiqa — India’s first upscale lifestyle hotel brand by Royal Orchid Hotels. With disciplined execution and a strong focus on return on invested capital, the group said it is confident of shaping the future of Indian hospitality.
Reiterating the growth strategy, the management said the company will continue to pursue an asset-light model while remaining guided by its core principle of delivering exceptional guest experiences and creating sustainable long-term value for stakeholders.
On new properties, CFO Amit Jaiswal said four hotels are in the pipeline. Two are expected to open in South and North Goa within the next four to five months, followed by Gurgaon by September–October and Lucknow by February–March, where interior work is currently underway.
The four revenue-share hotels are expected to generate annual revenues of around ₹40 crore from Lucknow, ₹25 crore from Gurgaon and ₹22 crore from Goa, taking the combined contribution to nearly ₹100 crore by FY28. ROHL has set a revenue guidance of ₹500 crore for FY28, compared with ₹420 crore projected for FY27.
President Arjun Baljee said the company plans to open eight Iconiqa hotels by FY30 through a mix of flexi-lease and managed asset models.
In its initial months of operation, Iconiqa Mumbai generated revenue of ₹17.4 crore in Q3 and achieved the distinction of being ranked the No. 1 hotel on TripAdvisor in Mumbai within just four months of launch.
“This is a testament to our execution capability and brand strength. We expect it to generate revenue of ₹24 crore in Q4,” Chander Baljee said.