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Lemon Tree Hotels signs new property in Amritsar

30 Aug 2024 Evaluate

Lemon Tree Hotels has signed its newest property, Lemon Tree Hotel, Amritsar. The property, which shall be managed by Carnation Hotels, a wholly-owned subsidiary of Lemon Tree Hotels, is expected to open in FY 2028. Amritsar, in Punjab, is rich in history, culture, and spirituality. Known primarily as the home of the Golden Temple, the holiest shrine in Sikhism, the city attracts millions of pilgrims and tourists every year. 

This Hotel will feature 68 well-appointed rooms, a restaurant, a rooftop bar, two banquet halls, meeting rooms, a fitness center and a swimming pool.

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 784.00
ITC Hotels 156.20
Mahindra Holi.&Resor 186.15
EIH 288.40
Chalet Hotels 789.55
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