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Lemon Tree Hotels has signed a License Agreement for a new hotel in Bhopal, Madhya Pradesh 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.

This hotel will feature 47 well-appointed rooms, a restaurant, a banquet, a gym and other public areas. The Bhopal Airport is about 17 kms from the property while the Railway Station is just 6 kms. The property is connected by both public and private transport to all the major cities in India.

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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