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Lemon Tree Hotels signs new property in Mumbai

11 Sep 2024 Evaluate

Lemon Tree Hotels has signed new property -- Lemon Tree Hotel, Mira Road, Mumbai. The property, which shall be managed by Carnation Hotels, a wholly-owned subsidiary of Lemon Tree Hotels, is expected to open in FY 2026.

Lemon Tree Hotel, Mira Road, Mumbai will feature 108 well-appointed rooms, a restaurant, a bar, a meeting room, a swimming pool and a spa. The Chhatrapati Shivaji Maharaj International Airport is about 31 kms from the property, while Borivali Railway Station is 13 kms away. The hotel is also 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 721.10
ITC Hotels 158.95
Mahindra Holi.&Resor 193.50
EIH 296.00
Chalet Hotels 836.15
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