Royal Orchid Hotels (NSE:ROHLTD, BOM:532699) has entered into an agreement with global hospitality giant Hilton to open 125 Hampton by Hilton hotels in India, according to a Wednesday filing to the Indian stock exchanges.
The companies plan to develop the franchised hotels mainly in the western and southern markets of India, including Goa, Maharashtra, Karnataka, Tamil Nadu, Andhra Pradesh, and Telangana.
These hotels are expected to be set up by 2035 and will join more than 3,100 Hampton by Hilton properties globally.
The company's shares surged nearly 8% in recent trade.
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