MoneyWorks4Me

Lemon Tree Hotels signs new property in Lucknow

19 Jul 2023 Evaluate

Lemon Tree Hotels has signed Lemon Tree Hotel, Gomti Nagar, Lucknow. The property is expected to be operational by Q3 of FY 2026 and shall be managed by Carnation Hotels, a wholly-owned subsidiary and the management arm of Lemon Tree Hotels. The property will feature 72 well-appointed rooms, a banquet, meeting rooms, a restaurant, a bar, a fitness center 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
View more..