Royal Orchid Hotels Limited — Important, 02-04-2025: Agreements

Royal Orchid Hotels Limited has signed an agreement with Karnataka State Tourism Development Corporation to renew the Land Lease Deed for Hotel Royal Orchid in Bengaluru, extending the lease for 29 years and 6 months. The lease rent is set at 2% of the gross income from the property, which spans approximately 2 acres and 19 guntas. This renewal is significant as it secures a long-term operational foothold for the hotel in a competitive market, potentially enhancing revenue stability. Investors may view this as a positive outlook given the extended lease, indicating confidence in future operations and management continuity.