Royal Orchid Hotels Limited (ROHL) has announced the successful execution of an agreement for the sale of its subsidiary, Multi Hotels Limited, to Greenleaf Properties Limited, a Tanzania-based company. The agreement was executed on January 29, 2026, and with this transaction, Multi Hotels Limited has ceased to be a subsidiary of ROHL. This divestment is part of ROHL's strategy to optimize its portfolio, strengthen its balance sheet, and focus on its core hospitality operations. Multi Hotels Limited had not yet commenced commercial operations, and the sale is expected to unlock value and allow for resource reallocation towards higher-growth opportunities. The total consideration for the sale of 100% shares of Multi Hotels Limited is USD 3,412,500 (approximately ₹28.3 crore), which will be received in installments within 120 days from the agreement's execution date. Greenleaf Properties Limited is an independent entity, and the transaction was conducted on an arm's length basis. Mr. Chander K. Baljee, Chairman & Managing Director of Royal Orchid Hotels Limited, commented, "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." ROHL remains confident about its long-term prospects, driven by India's robust travel and tourism demand.
