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Lemon Tree Hotels signs new hotel in Karnataka

22 Aug 2022 Evaluate

Lemon Tree Hotels has signed Lemon Tree Hotel, Hubli, Karnataka. This property is expected to be operational by May, 2023, and shall be managed by Carnation Hotels, a subsidiary and the management arm of Lemon Tree Hotels.

Located in Dharwad District, Hubli is one of the commercial hubs of Karnataka. Cotton and peanuts grow here in abundance and are traded across the country contributing to its economy. This property will feature 65 well-appointed rooms, complemented by a restaurant, bar, spa, swimming pool, fitness center and a meeting room.

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 740.00
ITC Hotels 158.70
Mahindra Holi.&Resor 199.40
EIH 294.55
Chalet Hotels 839.75
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