Lemon Tree Hotels' step down/material subsidiary -- Iora Hotels has received 'Occupancy Certificate' (OC) from Mumbai Metropolitan Region Development Authority (MMRDA) for its hotel located near Mumbai International Airport, Mumbai. The Occupancy certificate shall remain valid until cancelled/withdrawn by Authorities.
Above hotel shall comprise 669 rooms which shall be named ‘Aurika, Mumbai Skycity’ and once operational shall increase the total number of owned/leased rooms of the Company by around 13%.
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.
