MoneyWorks4Me

Lemon Tree Hotels signs new property in Nashik

03 Aug 2024 Evaluate

Lemon Tree Hotels has signed new property - Key Select by Lemon Tree Hotels, Nashik. The property, which shall be managed by Carnation Hotels, a wholly-owned subsidiary of Lemon Tree Hotels, is expected to open in FY 2027.

Key Select by Lemon Tree Hotels, Nashik will feature 45 well-appointed rooms, a restaurant, a banquet, a meeting room, and other public areas. The Nashik International Airport is about 23 kms away while the Nashik Road Railway station is about 10 kms away from the property. The hotel is 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 719.40
ITC Hotels 158.50
Mahindra Holi.&Resor 194.85
EIH 296.50
Chalet Hotels 834.25
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