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Lemon Tree Hotels signs new property in Karnataka

21 Oct 2024 Evaluate

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

Lemon Tree Hotel, Kalaburagi, Karnataka will feature 72 well-appointed rooms, a restaurant, a bar, a banquet hall, a meeting room, a swimming pool, a fitness center, a spa and other public areas. Kalaburagi Airport is approximately 14 kms while the Kalaburagi Railway Station is 6 kms from the property. The hotel is also well-connected by road, making it accessible by 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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