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Lemon Tree Hotels inks license agreement for upcoming hotel in Agra

06 Mar 2020 Evaluate

Lemon Tree Hotels has signed a license agreement for a 62 room upcoming Hotel at Agra under the company’s brand ‘Lemon Tree Hotel’. The hotel will feature 62 well-appointed rooms, complemented by a multi-cuisine restaurant, a thriving bar and equipped banquet spaces. The hotel project, owned by Hotel Bhawna Palace, is expected to open by March, 2021.

Carnation Hotels, a subsidiary and 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.

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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