MoneyWorks4Me

Lemon Tree Hotels signs new property in Vijayawada

19 Sep 2024 Evaluate

Lemon Tree Hotels has signed new property -- Keys Lite by Lemon Tree Hotels, Metropolitan, Vijayawada. The property, which shall be managed by Carnation Hotels, a wholly-owned subsidiary of Lemon Tree Hotels, is expected to open in FY 2026. Vijayawada, a bustling city in Andhra Pradesh, India, is celebrated for its rich cultural heritage, historic landmarks, and vibrant energy. Nestled along the banks of the Krishna River, it serves as a major hub for industry and commerce.

Keys Lite by Lemon Tree Hotels, Metropolitan, Vijayawada will feature 44 well-appointed rooms, a restaurant, meeting room, and banquet facilities. The Vijayawada International Airport is about 15 kms from the property while Vijayawada Railway Station is about 6 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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