MoneyWorks4Me

Lemon Tree Hotels signs new property in Srinagar

20 Sep 2024 Evaluate

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

Keys Select by Lemon Tree Hotels, Srinagar will feature 40 well-appointed rooms, two restaurants, a meeting room, and a fitness center. The Sheikh Ul Alam International Airport is about 9 kms from the property. 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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