MoneyWorks4Me

Lemon Tree Hotels has signed a License Agreement viz. Lemon Tree Hotel, Jorhat in Assam. The property shall be managed by Carnation Hotels, a wholly-owned subsidiary of Lemon Tree Hotels. This signing marks the group’s entry into Jorhat, Assam’s cultural capital, and expands its footprint in the state to seven properties which includes one operational hotel and six under development.

This hotel will feature 70 well-appointed rooms along with a restaurant, banquet hall, meeting room, swimming pool, spa and fitness center.

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 717.75
ITC Hotels 153.75
Mahindra Holi.&Resor 196.75
EIH 286.55
Chalet Hotels 876.35
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