Royal Orchid Hotels Ltd signed a management agreement for a 36-key property in Tapovan, Rishikesh, strategically located near the River Ganga. This addition strengthens the chain's presence in Uttarakhand's spiritual tourism hub.
Royal Orchid Hotels Ltd signed a management agreement for a 36-key property in Tapovan, Rishikesh, strategically located near the River Ganga. This addition strengthens the chain's presence in Uttarakhand's spiritual tourism hub.
Main News Body
Royal Orchid Hotels Ltd announced a new property signing in Rishikesh on December 9, 2025, via NSE disclosure. The 36-key boutique hotel in Tapovan offers prime access to Ganga ghats, ashrams, and adventure spots like rafting sites, catering to pilgrims, wellness seekers, and leisure travelers.
This move aligns with ROHL's asset-light growth strategy through management contracts, building on their Uttarakhand portfolio (now 8+ properties). Rishikesh's year-round tourism—peaking during Kumbh Mela and yoga festivals—promises strong occupancy amid India's spiritual travel boom.
The chain targets premium yet accessible stays, blending modern amenities with Himalayan serenity.
Key Highlights
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Property Specs: 36 keys in Tapovan, Rishikesh—Ganga riverside location.
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Target Guests: Yoga enthusiasts, pilgrims, adventure tourists.
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Strategic Fit: 8th Uttarakhand property; management contract model.
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Market Boost: Rishikesh sees 2M+ annual visitors; wellness tourism up 25%.
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Expansion Pace: Part of ROHL's 100+ room additions planned for FY26.
Royal Orchid eyes divine dividends from this riverside gem.
Sources: NSE India, Hospitality ET