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Lemon Tree Hotels signs new property in Gujarat

17 Jan 2025 Evaluate

Lemon Tree Hotels has signed new property in Valsad, Gujarat. The property, which shall be managed by Carnation Hotels, a wholly-owned subsidiary of Lemon Tree Hotels, is expected to open in FY 2029.

Lemon Tree Hotel, Valsad, Gujarat will feature 46 well-appointed rooms, two restaurants, a banquet, a meeting room, a swimming pool, a spa and other public areas. The nearest airport, Surat International Airport, is approximately 99 kms away from the property while the Valsad Railway Station is about 5 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 722.40
ITC Hotels 159.50
Mahindra Holi.&Resor 194.30
EIH 297.95
Chalet Hotels 832.75
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