Royal Orchid Hotels Adds Laxminarayan Palace Resort to Iconiqa Collection, Reinforcing Asset-Light Growth Strategy

Royal Orchid Hotels Adds Laxminarayan Palace Resort to Iconiqa Collection, Reinforcing Asset-Light Growth Strategy​

Bengaluru: Royal Orchid Hotels Ltd. has significantly expanded its curated hospitality offerings with the inclusion of Laxminarayan Palace Resort in Vadodara. The property, acquired via a revenue-sharing agreement by subsidiary Royal Orchid Goa Private Limited, joins the distinctive properties within the Iconiqa Collection, marking a strategic move toward defining Iconiqa as a collection of unique upscale destinations.

The addition reinforces the company's commitment to an asset-light growth strategy while expanding its portfolio with hotels that are characterized by their individuality and cultural roots. The Iconiqa Collection is designed not around a uniform aesthetic but celebrates the unique character, architectural significance, or cultural relevance of each property, ensuring guests receive an authentic experience rooted in the destination itself.

A Palace-Inspired Destination for Vadodara​

Laxminarayan Palace Resort embodies this philosophy perfectly. Inspired by timeless palace architecture and deeply rooted in the rich cultural heritage of Gujarat's capital, the resort combines regal grandeur with modern luxury. Situated near the iconic Laxmi Vilas Palace, it offers a rare urban resort experience where heritage design meets contemporary hospitality.

The property features 106 exquisitely designed rooms and suites across its Palace Wing and Heritage Wing. Accommodations are thoughtfully curated to reflect the elegance of royal residences, featuring hand-crafted Thikri artwork, intricately carved woodwork, authentic antiquities, and interiors that offer Vadodara's finest sleep experience, along with amenities such as high-speed Wi-Fi and smart entertainment systems.

Comprehensive Events and Culinary Experiences​

Laxminarayan Palace Resort has been designed to be a premier destination for celebrations and corporate events in the city. The resort offers one of the most comprehensive collections of event venues, including six indoor spaces, magnificent courtyards, expansive landscaped lawns, and a spectacular ballroom adorned with antique jharokhas and crystal chandeliers.

Beyond hosting lavish receptions and milestone celebrations, the property provides an immersive lifestyle experience focusing on wellness and culinary journeys:

• Wellness: Guests can unwind at the luxurious spa, salon, yoga studio, and state-of-the-art fitness centre, all set around a large freshwater swimming pool.
• Dining: The resort features three distinct dining concepts: Mayur Pankh celebrates the culinary traditions of royal Indian palaces; Cafe Nirvaan offers alfresco dining amidst tranquil gardens; and Little Italy provides a signature vegetarian Italian comfort food experience with handcrafted pastas and wood-fired pizzas.

Leadership Perspective on Differentiation​

Chander K. Baljee, Chairman & Managing Director of Royal Orchid Hotels Ltd., stated that the Iconiqa Collection represents a vision to bring together exceptional hotels defined by their individuality. He highlighted that Laxminarayan Palace Resort is a remarkable addition, noting its palace-inspired architecture and deep connection to Vadodara's culture make it "a destination in itself."

Arjun Baljee, President of Royal Orchid Hotels Ltd., added that the Collection's strength lies in its commitment to diverse experiences. He emphasized that Laxminarayan Palace perfectly reflects this vision through its unique architecture, immersive culinary offerings, and strong heritage connection to Vadodara, making it an ideal addition expected to redefine hospitality in the region.

About the Iconiqa Collection​

The Iconiqa Collection stands as Royal Orchid Hotels' portfolio of distinctive hospitality destinations. Each hotel is chosen for its exceptional character—be it a contemporary lifestyle hotel, a heritage landmark, or a palace-inspired retreat—ensuring that every guest experience is authentic and unique to that specific destination.

Royal Orchid Hotels Ltd., which operates over 124 hotels across India, maintains a diverse portfolio encompassing Royal Orchid Hotels, the Iconiqa Collection, and Regenta Hotels, catering to luxury, upscale, and mid-market travellers.

ROHLTD Stock Price Movement​

Royal Orchid Hotels Limited shares closed today, shedding 0.02% to settle at ₹317.85 after slipping by ₹0.05 from its previous close. The stock traded a volume of 12,877 shares in the market today.