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.

Lemon Tree Hotels Share Price

130.75 -1.85 (-1.40%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Indian Hotel 591.15
EIH 455.25
Mahindra Holi.&Resor 390.90
Chalet Hotels 895.00
Lemon Tree Hotels 130.75
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