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Lemon Tree Hotels inks agreement for 49 room property in Rajasthan

18 Jul 2018 Evaluate

Lemon Tree Hotels has signed a License Agreement for a 49 room property at Alwar, Rajasthan under the company’s brand ‘Red Fox Hotel’. The Hotel is expected to be operational by December, 2018. Carnation Hotel, the hotel management arm of the company will be operating and marketing this Hotel.

Lemon Tree Hotels is India’s largest hotel chain in the mid-priced hotel sector, and the third largest overall, on the basis of controlling interest in owned and leased rooms, as of June 30, 2017.

Peers
Company Name CMP
The Indian Hotels Co 784.00
ITC Hotels 156.20
Mahindra Holi.&Resor 186.15
EIH 288.40
Chalet Hotels 789.55
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