MoneyWorks4Me

Lemon Tree Hotels signs license agreement for upcoming Hotel at Tapovan

21 Aug 2021 Evaluate

Lemon Tree Hotels has signed license agreement for a 39-room upcoming Hotel at Tapovan in Rishikesh at Uttarakhand under the brand ‘Keys Lite by Lemon Tree Hotels’. The Hotel is expected to be operational by March 2022.

The Hotel will feature 39 well-appointed rooms, complemented by a multi-cuisine restaurant. It will also have a conference room for meetings and events. 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 743.70
ITC Hotels 159.35
Mahindra Holi.&Resor 199.70
EIH 305.30
Chalet Hotels 878.60
View more..