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Lemon Tree Hotels signs new property in Gujarat

28 Jan 2025 Evaluate

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

Lemon Tree Hotel, Anand, Gujarat will feature 60 well-appointed rooms, a restaurant, a banquet, a meeting room, a swimming pool, a spa and other public areas. The nearest airport, Vadodara Airport, is approximately 44 kms away from the property while the Anand 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 784.00
ITC Hotels 156.20
Mahindra Holi.&Resor 186.15
EIH 288.40
Chalet Hotels 789.55
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