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Lemon Tree Hotels signs new property in Maharashtra

24 Oct 2024 Evaluate

Lemon Tree Hotels has signed a new property -- Lemon Tree Hotel, Adalat Road, Aurangabad, Maharashtra. The property, which shall be managed by Carnation Hotels, a wholly-owned subsidiary of Lemon Tree Hotels, is expected to open in FY 2028.

Lemon Tree Hotel, Adalat Road, Aurangabad, Maharashtra will feature 60 well-appointed rooms, a restaurant, a banquet hall, a meeting room, a swimming pool, a spa and other public areas. Aurangabad Airport is around 8 kms while the Aurangabad Railway Station is 2.5 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 721.70
ITC Hotels 158.70
Mahindra Holi.&Resor 194.00
EIH 295.55
Chalet Hotels 836.15
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