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Lemon Tree Hotels signs license agreement for new hotel in Nepal

11 Feb 2020 Evaluate

Lemon Tree Hotels has signed a license agreement with Bhangeri Durbar Resort, for an upcoming Hotel at Nagarkot in Nepal. The 51-rooms Bhangeri Durbar Resort at Nagarkot will be operated through company's subsidiary and management arm, Carnation Hotels. The hotel project is expected to open by early 2021.

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.

Peers
Company Name CMP
The Indian Hotels Co 882.00
ITC Hotels 175.40
Mahindra Holi.&Resor 200.50
EIH 316.05
Chalet Hotels 811.35
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