Royale Manor Hotels & Industries Ltd Share Price Hotels & Restaurants
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Royal Manor Hotels and Industries incorporated in 1991 in Ahmedabad, Gujarat, earlier it is in the name of Royal Manor Hotels was promoted by Ummed Singh P Champawat and Elcon Finlease & Industries. The company is engaged in the business of putting up hotel projects in India. The first project for a five-star hotel has come up at Ahmedabad, Gujarat. The company has a technical services agreement with EIH for managing and operating the hotel on its commissioning. The company came out with a public issue in Sep.'94 to part-finance the hotel project. The hotel Trident was commissioned in Oct.'95. The company is exploring the possibilities of adding 75 more delux rooms and a banquet hall for which land and other facilities are already available with the company. A feasibility study is being undertaken, and in case of a positive report, the expansion project will be undertaken. RMH has entered into Franchise Agreement with AAPC Aisa Pte Ltd. (Accor Group of France) and name of the hotel changed to Hotel Sofitel Ummed. During 1999-2000, the company has entered into `Hotel Management Agreement' with The Indian Hotels Company Ltd (known as the Taj Group of Hotels) for managing operations for a period of 20 years and has now been designated as "Taj Residency Ummed" and has been very well received by the business community.