MoneyWorks4Me

Lemon Tree Hotels signs new property in Marpalle

13 Feb 2024 Evaluate

Lemon Tree Hotels has signed new property - Lemon Tree Resort, Marpalle, Telangana. The hotel is expected to open by FY27 and shall be managed by Carnation Hotels, a wholly-owned subsidiary and the management arm of Lemon Tree Hotels. Nestled in the Deccan Plateau, Vikarabad district is characterised by a mix of agricultural plains, hills, and dense forests, contributing to its natural beauty.

The region is known for its diverse flora and fauna, making it a destination for nature enthusiasts and wildlife lovers. Vikarabad has historical relevance, with several ancient temples and forts that attract history buffs and tourists alike. Ananthagiri Hills, situated within the district, is a popular destination offering breathtaking views and a serene environment.

Lemon Tree Resort, Marpalle, Telangana will be spread over 5 acres within the 350 acre Supraja Iris Resort Project. It will have 50 rooms including 14 villas of which 5 would be water villas. The resort would feature a restaurant, a bar, a banquet hall, meeting rooms, a swimming pool, a fitness center, and other public areas. It will have large lawns to cater to destination weddings. The resort will be strategically located behind Woxsen University and is adjacent to the national highway and the proposed Regional Ring Road. The National Investments Manufacturing Zone (NIMZ) is in proximity as are several manufacturing units.

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..