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Lemon Tree Hotels signs license agreement for 44 room hotel in Goa

19 Dec 2019 Evaluate

Lemon Tree Hotels has signed a License Agreement for a 44 room Hotel located at Baga, Goa, under the Company’s brand ‘Lemon Tree Hotel’ and this will be its fifth Hotel in Goa. Carnation Hotel, a subsidiary and the hotel management arm of the Company will be operating and marketing this Hotel.

The Hotel is located at Baga, and will feature 44 well-appointed rooms and suites, complemented by a multi-cuisine restaurant - Citrus Cafe, a bar, meeting and conference spaces, a swimming pool, a well-equipped fitness center, a rejuvenating spa and more. The hotel, owned by Aqua Resorts and Spa, is expected to be flagged and re-launched in April 2020.

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 737.20
ITC Hotels 158.85
Mahindra Holi.&Resor 199.15
EIH 303.70
Chalet Hotels 872.55
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