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Lemon Tree Hotels signs two Franchise agreements to set up two hotels in Nepal

12 Apr 2023 Evaluate

Lemon Tree Hotels has signed two Franchise agreements for upcoming Hotels under the Company’s brands - Lemon Tree Premier and Lemon Tree Resort, in Budhanilkantha, Kathmandu, Nepal and Lumbini, Nepal, respectively.

Lemon Tree Premier, Budhanilkantha, Kathmandu, Nepal, franchised by Lemon Tree Hotels, is expected to open in or before January 2024. This plush property, will feature 102 well-appointed rooms, two restaurants, one restrobar, a private dining room, three meeting rooms, one banquet hall, outdoor venues for events, an expansive swimming pool, a fitness center, a spa, a casino and other public areas.

Franchised by Lemon Tree Hotels, Lemon Tree Resort, Lumbini is expected to open in or before October 2023. It will feature 81 well-appointed rooms, a restaurant, a bar, meeting rooms, an outdoor event venue, a private dining room and other public areas.

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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