Lemon Tree Hotels has signed a License Agreement for a 69 room property located at Viman Nagar, Pune in the state of Maharashtra under the Company's brand ‘Lemon Tree Hotel’. The Hotel is expected to be operational by March, 2019 and shall be 3rd hotel besides other 2 owned hotels of the Company in Pune. 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.
