Bangalore-based Royal Orchid Hotels Liimited (ROHL) has increased its stake to 74% in Powai-based Amartara Hospitality Private Limited by acquiring an additonal 21% stake.

Last year in November, ROHL had acquired 53% in Amartara Hospitality for Rs.18.04 crore to implement its 4-star hotel project.

The acquisition will result in the development of a 250 room four-star hotel located in Powai, Mumbai at a cost of around Rs.125 crore, where Amartara has 50,000 square feet land parcel.

Royal Orchid will fund the Amartara buy through internal accruals.