Royal Orchid Hotels has signed Regenta Suites & Residences Jaipur in City Center, adding a 60-key asset-light property for long-stay and business demand.
Indian hoteliers are importing built-up rooms and fittings from China to offset rising construction costs, which have surged nearly 40%, thus saving time and expenses.
Leading property developers are withdrawing from hotel projects due to cash flow issues, complicating relationships with hospitality chains like Royal Orchid and Ramada.