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Lemon Tree Hotels signs license agreement for 64 room hotel in Erode

08 Sep 2022 Evaluate

Lemon Tree Hotels has signed a License Agreement for a 64 room hotel in Erode, Tamil Nadu under the Company's brand 'Lemon Tree Hotel'. The hotel is expected to be operational by December, 2023. Carnation Hotels, a wholly owned subsidiary and the hotel management arm of the Company will be operating 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 732.25
ITC Hotels 158.85
Mahindra Holi.&Resor 198.85
EIH 318.00
Chalet Hotels 867.45
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