Banglore-based Royal Orchid Hotels, which, has nine properties across India has entered into joint venture with Parsvnath Hotels, wholly-owned subsidiary of Delhi-based real estate developers Parsvnath Developers, to develop 10 hotels across the country for an investment of Rs 500 crore.
According to a release issued by Royal Orchid to the BSE today, Parvsnath will hold majority stake in the joint venture company and it will be called Parsvnath Royal Orchid Hotels
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