Royal Orchid Hotels Expands Presence with Regenta Place Iris Park in Rishikesh
Royal Orchid Hotels launches Regenta Place Iris Park in Rishikesh
Business Standard
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Royal Orchid Hotels has launched Regenta Place Iris Park in Rishikesh, India, featuring 36 rooms and modern amenities. This addition supports the company's 2030 expansion plan while catering to spiritual and adventure tourism in the area, which is known for its serene environment and proximity to major attractions.
- 01Regenta Place Iris Park offers 36 rooms including suites and deluxe options.
- 02The hotel is strategically located near key attractions in Rishikesh.
- 03Facilities include a multi-cuisine restaurant, rooftop lounge, and banquet space.
- 04Royal Orchid Hotels aims to enhance its presence in India's spiritual tourism sector.
- 05The company's net profit declined by 49.3% despite a rise in revenue.
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Royal Orchid Hotels (ROHL) has launched its new property, Regenta Place Iris Park, in Rishikesh, India, enhancing its footprint in a prominent spiritual and adventure tourism destination. This hotel features 36 keys, including 8 suites, 16 premium rooms, and 12 deluxe rooms, all equipped with modern amenities such as private balconies and in-room Jacuzzis overlooking the Ganga River. Located on the Badrinath Highway near Nim Beach Road, the hotel is conveniently close to major attractions like Ram Jhula and Triveni Ghat. Among its facilities are the multi-cuisine restaurant e Pinxx, a 3,000 sq. ft. rooftop lounge, and a banquet space capable of hosting up to 250 guests. The launch aligns with ROHL's 2030 expansion roadmap, as emphasized by Chander K. Baljee, CMD of Royal Orchid Hotels, who highlighted the hotel’s aim to provide hospitality to pilgrims and adventure seekers alike. Despite the positive expansion news, ROHL reported a 49.3% drop in net profit to ₹9.02 crore for Q3 FY26, even as revenue rose 26.6% to ₹113.03 crore compared to the previous year. Following the announcement, the company's shares fell 0.34% to ₹309.50 on the Bombay Stock Exchange (BSE).
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The launch of Regenta Place Iris Park is expected to boost local tourism, providing more accommodation options for pilgrims and adventure seekers, which could lead to increased economic activity in Rishikesh.
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