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Lemon Tree Hotels signs franchise agreement for upcoming hotel in Meerut

09 Jan 2024 Evaluate

Lemon Tree Hotels has signed a Franchise Agreement for upcoming hotel in Meerut, Uttar Pradesh under the Company’s brand- ‘Lemon Tree Hotel’. This opening will be in addition to its six existing and three upcoming hotels and resorts in the state. The hotel will feature 75 well-appointed rooms, restaurants, a fitness center, a swimming pool, a spa, outdoor and indoor banqueting facilities, conference rooms and other public areas and is expected to be operational in FY25.

Nestled in the heart of Uttar Pradesh, Meerut pulsates with a vibrant energy, weaving a captivating tapestry of ancient history, military spirit, and modern-day charm. It's also a thriving hub for two distinct yet fascinating industries: sports goods and musical instruments. From towering Mughal gateways to bustling bazaars, and serene temples to modern cafes, Meerut offers a plethora of experiences that leave you mesmerised.

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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