The hotel also announced a cut in its room tariffs by 20 per cent for both standard single and standard double-bed rooms. The Residency Group is also on the look out for hotel management contracts in the southern region. The hotel also announced cut in its room tariffs by 20 per cent for both standard single and standard double-bed rooms. The Residency group is also on the look-out for hotel management contracts in the southern region. Officials from the hotel said the cut in the room tariffs was enabled by optimising its energy and manpower cost.