Mr. Chender Baljee, Chairman & Managing Director, said,

"The business across all our hotels have shown improvement during the financial year 2011and we expect the trend to continue. And with our new hotel projects in strategic location and progressing well as planned, we hope to achieve substantial growth in revenue and profit in the current financial year."

• Royal orchids reported consolidated revenue growth of 26% to Rs 154.74 crore, EBITDA growth of 46% to Rs 42.07 crore and PAT growth of 75.2% to Rs 12.22 crore in FY11.

• The management expects revenues of Rs 196.4 crore in FY12, Rs 248.51 crore in FY13, Rs 287.24 crore in FY14, Rs 310 crore in FY15, Rs 325 crore in FY16.

• During the quarter ended 31st March 2011, new hotels at Shimoga, Mussoorie and Jaipur were opened and in May 2011 a new hotel under management contract at Vadodara commenced operations.

• With seven new properties on the anvil, the group is looking forward to a promising performance in the current financial year.

• Royal Orchid Hotel, Hyderabad will be ready for operations in a couple of months.

• By the end of financial year March 2012, the company will have an addition of 840 keys to existing 1622 keys today.

• The company is looking at a capacity of 150-200 rooms in Tanzania with an investment of Rs 150-200 crore.

• The company's strategy would be focus on business clientele, combination of ownership and asset light properties, Low setup / capital cost per room, Focus on acquisitions with minimal land cost, Stand-alone Profitability for every property and Pan-India Presence.

• Debt stands at Rs 200 crore @12% (all domestic).

• Royal Orchid Hotels & Suites (Hyderabad)

• Agreement between Royal Orchid Hotels Limited (ROHL) and Alif Resources & Infrastructure Pvt. Ltd. over 2.45 acres of land originally allotted to Alif by APIIC.
• ROHL to handover one set of Office &service apartments with 49 rooms after construction to Alif against 50% share in the undivided land; ROHL to construct 233 room hotel on its share of land.
• Targeted completion date is October 2011 at a project cost of Rs 190 crore (Rs 100 crore debt and Rs 90 crore equity with Rs 60 crore equity infused till date).
• Site located at one of the prominent intersection of central road to Gachibowli; Proximity to the airport (30 min to airport (25 kms)) via already operational Outer-Ring-Road.
• Excellent visibility due to corner plot with road frontage.
• Catchment area consists of all the big IT & financial services companies including Microsoft, Wipro, Infosys, Computer Associates ICICI Bank, UBS and Franklin Templeton.
• No 5-star hotel development in Gachibowli and Hitech so far (except Novotel).

• Royal Orchid, Jaipur
• 50:50 Joint Venture between Royal Orchid and the Tambi Group.
• Opening date was March 2011 at a project cost of Rs 122 crore (Rs 70 crore debt and Rs 52 crore equity with Rs 52 crore equity infused till date).
• Catchment area comprises 7,00,000 sq ft World Trade Park, Genpact and several upcoming IT and ITeS complexes.
• Proximity to the airport (5 min to airport) and commercial firms with better product offering will ensure higher penetration in Meeting & Conference and Commercial segments along with leisure segment.
• Expansion of Delhi airport to improve scenario further.

• Royal Orchid, Mumbai
• ROHL has signed MoU with Amartara Hospitality Pvt Ltd to purchase 74% of the equity of Amartara for a total consideration of Rs.25.16 crore. Amartara holds the land approx 4665 sq meters.
• Present holding of Royal Orchid is 74%.
• Targeted completion date is December 2012 at a project cost of Rs 150 crore (Rs 100 crore debt and Rs 50 crore equity with Rs 35 crore equity infused till date).
• Attractive and central location with companies like L&T, Accenture, IT cos. in SEEPZ in the catchment area
• Proximity to international and domestic airport likely to attract business from various international & domestic airlines

• Fresh funding required for expansion includes Rs 45 crore of equity gap in Hyderabad and Mumbai projects and Rs 100 crore of war chest for future acquisitions.

• Sources of funding for expansion include ECB (for expansion & renovation of existing properties) up to Rs 100 crore and dilution of equity in select SPV's up to Rs 100 crore.