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Lemon Tree Hotels signs license agreement for 41 room Hotel in Uttarakhand

28 Feb 2022 Evaluate

Lemon Tree Hotels has signed a license agreement for 41 room Hotel at Mukteshwar, Uttarakhand under the brand ‘Lemon Tree Hotel’. The hotel is expected to be operational in July 2022. The property is owned by The Alpine Chalet Resort, and shall be managed by Carnation Hotels, a subsidiary and management arm of Lemon Tree Hotels.

Located in the Nainital district, this property will feature 41 well-appointed rooms and suites, complemented by a multi-cuisine restaurant and a bar. It will also have a conference room, and a swimming pool, spa and a fitness centre for recreation.

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 724.10
ITC Hotels 160.45
Mahindra Holi.&Resor 195.75
EIH 299.05
Chalet Hotels 835.70
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