Date: July 21, 2026

Agreement Details

  • Royal Orchid Goa Private Limited, a subsidiary of Royal Orchid Hotels Limited, has signed a revenue-sharing agreement for the property named Laxminarayan Palace Resort, Vadodara - Iconiqa Collection
  • The agreement was executed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • This expansion reinforces the company's asset-light growth strategy

Property Overview

  • Property Name: Laxminarayan Palace Resort, Vadodara - Iconiqa Collection
  • Location: Strategically located near the iconic Laxmi Vilas Palace in Vadodara, Gujarat
  • Property Type: Palace-inspired urban resort
  • Room Inventory: 106 exquisitely designed rooms and suites spread across Palace Wing and Heritage Wing
  • Design Features: Hand-crafted Thikri artwork, intricately carved woodwork, authentic antiquities
  • Amenities: High-speed Wi-Fi, smart entertainment systems, premium bath amenities, luxurious bedding

Facilities and Features

Event Spaces

  • Six indoor venues
  • Magnificent courtyards
  • Expansive landscaped lawns
  • Spectacular ballroom with antique jharokhas, hand-painted ceilings, and oversized crystal chandeliers
  • Designed to host destination weddings, lavish receptions, milestone celebrations, high-profile social events, and prestigious corporate gatherings

Wellness and Leisure Facilities

  • Large freshwater swimming pool
  • Luxurious spa
  • Salon
  • Yoga studio
  • State-of-the-art fitness centre

Dining Concepts

  • Mayur Pankh: Restaurant celebrating culinary traditions of India's royal palaces, showcasing timeless recipes inspired by regal kitchens across India with regional Gujarati flavors
  • Cafe Nirvaan: Alfresco all-day dining café set amidst tranquil gardens serving artisanal coffees, premium teas, handcrafted desserts, gourmet snacks, and international favorites
  • Little Italy: Signature vegetarian Italian restaurant featuring handcrafted pastas, wood-fired pizzas, and Italian comfort food

Strategic Context

  • Marks the evolution of Iconiqa from a standalone hotel brand to a curated collection of unique upscale hotels
  • Each property within the Iconiqa Collection is selected for its distinctive character, architectural significance, cultural relevance, or extraordinary setting
  • The collection celebrates individuality rather than following uniform aesthetics
  • Company portfolio includes over 124 hotels across India operating under Royal Orchid Hotels, Iconiqa Collection, and Regenta Hotels brands

Management Commentary

Chander K. Baljee, Chairman & Managing Director

  • "The Iconiqa Collection represents our vision of bringing together exceptional hotels that stand apart because of their individuality and the experiences they create"
  • "Laxminarayan Palace Resort is a remarkable addition to this portfolio... it is a destination in itself"
  • Company focus remains on creating hospitality experiences that are "authentic, differentiated, and memorable for every guest"

Arjun Baljee, President

  • "Every hotel within the Iconiqa Collection is chosen because it offers something truly distinctive"
  • "The Collection is not defined by a shared design philosophy but by a shared commitment to exceptional experiences rooted in the identity of each destination"
  • Believes the property "will redefine hospitality in the city" and be compelling for "celebrations, leisure, business, and everyday experiences"