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Lemon Tree Hotels signs new property in Gujarat

07 Oct 2023 Evaluate

Lemon Tree Hotels has signed a License Agreement for a 60 room property in Jamnagar, Gujarat under the company’s brand ‘Lemon Tree Hotel’. The hotel is expected to be operational by FY 2025 and shall be managed by Carnation Hotels, a wholly-owned subsidiary and the management arm of Lemon Tree Hotels.

Lemon Tree Hotel, Jamnagar, Gujarat will feature 60 well-appointed rooms, restaurants, a fitness center, a conference room and other public areas. The Rajkot airport is about 101 kms from the property while the Jamnagar Junction Railway Station is about 5 kms away. The hotel is also well connected by roadways for both public and private transport.

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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