MoneyWorks4Me

Lemon Tree Hotels’ arm executes concession agreement with Government of Meghalaya

01 Feb 2025 Evaluate

Lemon Tree Hotels’ 100% Indirect wholly owned subsidiary -- M/s Arum Hotels has executed a ‘Concession Agreement’ with Meghalaya Tourism Development Corporation, Government of Meghalaya for Re-development, Operations and Maintenance of Orchid Hotel, located at Shillong City, under Design, Build, Finance, Operate and Transfer mode on Public Private Partnership. The hotel is proposed to be branded as Aurika.

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 711.50
ITC Hotels 158.55
Mahindra Holi.&Resor 195.75
EIH 295.20
Chalet Hotels 869.35
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