Royal Orchid Sells Multi Hotels Unit for $3.41 Million

Royal Orchid Hotels Limited (ROHL) has completed an agreement to sell its subsidiary, Multi Hotels Limited, to Greenleaf Properties Limited.

The agreement was executed on January 29, 2026, following earlier disclosure to stock exchanges. As a result of the transaction, Multi Hotels Limited has officially ceased to be a subsidiary of ROHL from the same date.

The divestment supports ROHL’s strategic priorities of portfolio optimisation, balance sheet strengthening, and sharper focus on core hospitality operations across key markets.

Key Highlights

• ROHL sells Multi Hotels Limited for $3.41 million
• Unit had no commercial operations, enabling value unlock
• Deal aligns with ROHL’s core hospitality focus

Multi Hotels Limited had not commenced commercial operations, making the sale a move to unlock value from a non-operational asset while reallocating capital toward higher-growth opportunities.

The total consideration for the sale of 100% shareholding in Multi Hotels Limited is USD 3,412,500. The payment will be received in instalments within 120 days from the agreement’s execution date. Greenleaf Properties Limited is described as an independent entity, and the transaction has been conducted on an arm’s length basis, fully compliant with applicable regulatory requirements.

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Commenting on the development, Chander K. Baljee, Chairman & Managing Director, Royal Orchid Hotels Limited, 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.”