Lemon Tree Hotels has signed a License Agreement for a 70 room property located near BKC, Mumbai under the Company's brand 'Lemon Tree Hotel'. The Hotel is expected to be operational by June, 2019. Carnation Hotel, the hotel management arm of the Company will be operating and marketing this Hotel. This Hotel is addition to the two other upcoming owned hotels of the Lemon Tree Group in Mumbai with a combined inventory of around 1000 rooms.
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.
