MoU4 Apr 2024, 02:25 am
Royal Orchid Hotels Ltd: Subsidiary Signs Agreement with Masa Hotels Private Limited for Operating New Hotel
AI Summary
Royal Orchid Hotels Ltd (ROHL) has announced that its wholly owned subsidiary, Royal Orchid Mumbai Private Limited (ROMPL), has entered into an agreement with Masa Hotels Private Limited (MASA) for the operation of a new hotel, Hotel Masa. The hotel has 300 keys, along with a restaurant, bar, banquet halls, and meeting rooms. The revenue from this hotel will be consolidated in ROHL's accounts.
Key Highlights
- ROHL's subsidiary ROMPL signs agreement with Masa Hotels Private Limited (MASA)
- New hotel, Hotel Masa, to be operated by ROMPL
- Hotel Masa has 300 keys, restaurant, bar, banquet halls, and meeting rooms
- Revenue from the hotel to be consolidated in ROHL's accounts