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Lemon Tree Hotels inks license agreement for property in Kasauli

25 Feb 2023 Evaluate

Lemon Tree Hotels has signed a License Agreement for a 110 room property in Kasauli, Himachal Pradesh under the Company’s brand ‘Aurika’. The hotel is expected to be operational in November, 2024. The property shall be operated by Carnation Hotels, a subsidiary and management arm of Lemon Tree Hotels.

The property will feature 110 elegant rooms and suites, Mirasa - the all-day dining restaurant, Ariva - the bar, expansive banquet spaces spread over 3,000 sq. mtrs., and eclectic venues for private events and exclusive experiences. The recreational facilities will include a relaxing spa, a stunning swimming pool, a well-equipped fitness center and a game 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 732.25
ITC Hotels 158.85
Mahindra Holi.&Resor 198.85
EIH 318.00
Chalet Hotels 867.45
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