MoneyWorks4Me

Lemon Tree Hotels signs new property in Vadodara

18 Oct 2023 Evaluate

Lemon Tree Hotels has signed a Franchise Agreement for upcoming hotel in Vadodara, Gujarat under the Company’s brands - ‘Keys Select by Lemon Tree Hotels’. The hotel is expected to be operational in FY26. Known for its magnificent palaces, glorious past, and rich culture, the beautiful city of Vadodara is one of the top places to visit in Gujarat for a tranquil holiday. The city is packed with interesting tourist spots and exciting things to do. Blessed with an excellent climate, Vadodara welcomes travellers almost throughout the entire year.

Keys Select by Lemon Tree Hotels, Vadodara will feature 45 well-appointed rooms, a restaurant, a banquet hall, a meeting room, a fitness center, a lounge and other public areas. The Vadodara airport is about 10 kms from the property while the Vadodara Junction Railway Station is just 4 kms away. The hotel is connected by both public and private transport from all major cities in India.

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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