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Lemon Tree Hotels signs license agreement for property in Andhra Pradesh

07 Jun 2023 Evaluate

Lemon Tree Hotels has signed a license agreement for a 60 room property in Rajamundry, Andhra Pradesh under the Company’s brand ‘Lemon Tree Hotel’. The hotel is expected to be operational by Q3FY2025.

Lemon Tree Hotel, Rajamundry will feature 60 well-appointed rooms, a restaurant, banquet, meeting rooms, swimming Pool, gym, and other public areas. 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 768.10
ITC Hotels 162.50
Mahindra Holi.&Resor 201.35
EIH 298.45
Chalet Hotels 849.85
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