Royal Orchid Hotels Limited (ROHL), one of India’s leading hospitality companies, has successfully completed the sale of its subsidiary, Multi Hotels Limited, to Greenleaf Properties Limited, a Tanzania-based company.
This deal was finalized on January 29, 2026, and marks a significant step in ROHL’s ongoing efforts to streamline its operations and focus on its core hospitality business.The decision to sell Multi Hotels Limited aligns with
ROHL’s strategic goal of optimizing its portfolio to strengthen its financial
position and focus on high-growth opportunities in key markets. The sale of
Multi Hotels Limited, a subsidiary that had not yet commenced commercial
operations, provides an opportunity for ROHL to unlock value that can be
redirected towards more profitable ventures.
Transaction Details and Strategic Implications
The total value of the deal stands at USD 3,412,500
for the 100% sale of Multi Hotels Limited’s shares. The payment will be made in
installments over the next 120 days, further enhancing ROHL’s liquidity and
ability to reinvest in its primary hospitality ventures. This transaction not
only aligns with ROHL’s strategic objectives but also underscores its
commitment to maintaining a strong financial position while focusing on its
core business operations.
From January 29, 2026, Multi Hotels Limited will no longer be a part of ROHL, marking the end of its role as a subsidiary. This decision allows ROHL to concentrate on its established hospitality operations, which continue to thrive in key urban and tourist destinations across India. By divesting from a non-operational asset, ROHL can better allocate resources toward expanding its portfolio in lucrative and high-growth markets.
Greenleaf
Properties Ltd. and Regulatory Compliance
Greenleaf Properties Limited, based in Tanzania, is an independent operator in the hospitality and real estate sectors. The sale was conducted at arm’s length, adhering to all relevant regulatory standards. This ensures that the transaction was transparent, fair, and compliant with the necessary financial regulations.
As part of the deal, Mr. Chander K. Baljee, Chairman
& Managing Director of Royal Orchid Hotels Limited, who previously held a
minority stake in Multi Hotels Limited, has transferred his stake to Greenleaf
Properties. This change in ownership structure completes the divestment of
ROHL’s interest in Multi Hotels Limited, reinforcing the company’s focus on
expanding its core hospitality operations.
Looking Ahead:
ROHL’s Future Growth Plans
With this sale, ROHL is poised to further strengthen
its position in the competitive hospitality industry. The company’s strategy
moving forward is to concentrate on its flagship hotels and ventures,
capitalizing on opportunities for growth in India’s thriving tourism and
hospitality sector. ROHL’s commitment to enhancing the customer experience,
expanding its market presence, and investing in high-growth ventures will
continue to drive its success in the years to come.
This strategic move signifies ROHL’s dedication to
refining its portfolio, ensuring its resources are optimally allocated, and
reinforcing its focus on the core areas that have driven its success. As the
company embarks on this new chapter, the sale of Multi Hotels Limited will
undoubtedly play a significant role in supporting ROHL’s long-term vision of
becoming a leading force in India’s hospitality sector.
In conclusion, this divestment marks a milestone in
ROHL’s journey as it refines its business strategy and focuses on maximizing
shareholder value. With this move, ROHL is not only positioning itself for
future growth but also strengthening its financial stability and operational
focus, making it well-equipped to meet the demands of India’s dynamic
hospitality industry.
Commenting on the
development, Mr. Chander K. Baljee, Chairman & Managing Director,
Royal Orchid Hotels Limited, said: “This strategic divestment reflects our
continued commitment to
disciplined capital allocation and long-term value creation. As Royal Orchid
continues to expand and
strengthen its core hospitality footprint, this transaction enables us to remain
focused on opportunities
that align closely with our growth vision.”
Royal Orchid Hotels Limited is committed to expanding
its presence through a diverse portfolio of owned, leased, managed, and
franchised properties. The company remains optimistic about its long-term
growth, fueled by the strong demand for travel and tourism in India.
