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Lemon Tree Hotels inks license agreement in Bhubaneswar

16 Nov 2018 Evaluate

Lemon Tree Hotels has signed a License Agreement for a 76 room property located at Bhubaneswar, Odisha under the company’s brand ‘Lemon Tree Premier’. The Hotel is expected to be operational by March, 2020. Carnation Hotels, 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 890.00
ITC Hotels 173.65
Mahindra Holi.&Resor 199.70
EIH 316.60
Chalet Hotels 825.15
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