Royal Orchid Hotels Limited (ROHL) has confirmed the successful execution of a definitive agreement to sell its subsidiary, Multi Hotels Limited, to Greenleaf Properties Limited, a Tanzania-based company. The company executed the agreement on January 29, 2026, following its earlier disclosure to the stock exchanges.
Consequently, Multi Hotels Limited ceased to be a subsidiary of Royal Orchid Hotels Limited with effect from January 29, 2026. Through this transaction, ROHL continues to advance its strategic objective of optimizing its portfolio, strengthening its balance sheet, and sharpening its focus on core hospitality operations across priority markets.
Furthermore, Multi Hotels Limited had not commenced commercial operations, and the divestment enables ROHL to unlock value while actively redeploying capital toward higher-growth opportunities, according to the company release.
From a financial standpoint, the total consideration for the sale of 100 percent equity in Multi Hotels Limited stands at $3,412,500. The company will receive the proceeds in installments within 120 days from the agreement’s execution date.
Additionally, Greenleaf Properties Limited operates as an independent entity, and the parties completed the transaction on an arm’s-length basis in full compliance with all applicable regulatory requirements. As part of the transaction, Chander K. Baljee, Chairman & Managing Director of Royal Orchid Hotels Limited, transferred his minority shareholding in Multi Hotels Limited along with the company’s stake.
Commenting on the development, Chander K. Baljee, Chairman & Managing Director, ROHL, 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.”
Meanwhile, Royal Orchid Hotels Limited continues to pursue expansion through a balanced mix of owned, leased, managed, and franchised properties. Moreover, the company remains confident about its long-term growth outlook, supported by India’s strong travel and tourism demand, the release added.
