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Lemon Tree signed a pact for a 74-room property in Gujarat.

27 September 20244 mins read by Angel One
Lemon Tree signed a contract for a 74-room hotel in Gujarat. The property will be managed by Carnation Hotels Private Limited, a fully-owned subsidiary of Lemon Tree Hotels Limited.
Lemon Tree signed a pact for a 74-room property in Gujarat.
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In May 2004, Lemon Tree Hotels Limited (LTHL) inaugurated its first hotel, comprising 49 rooms. With over 160 hotels in its portfolio as of right now, the company boasts over 100 hotels that are currently in operation and over 60 hotels that are slated to open in India and other countries. In addition to many Tier I, II, and III cities like Pune, Ahmedabad, Chandigarh, Jaipur, Indore, Aurangabad, Udaipur, Vishakhapatnam, Kochi, Ludhiana, Thiruvananthapuram, Vijayawada, etc., Lemon Tree Hotels are spread throughout metro areas, including the NCR, Mumbai, Kolkata, Bengaluru, Hyderabad, and Chennai. In December 2019 and February 2020, respectively, hotels in Bhutan and Dubai opened as part of the company’s global expansion. Nepal and Bhutan will also see the opening of new hotels on a global scale. Lemon Tree Hotels’ success can be ascribed to their commitment to offering a distinctive guest experience, which includes lively and modern décor, individualized service, and a strong focus on social responsibility and sustainability. The company is known as a socially conscious brand in the hospitality industry because of its dedication to community development and environmental conservation.

Lemon Tree Hotels hattrick in Gujarat:

Lemon Tree Hotels announced the signing of its newest property, the Lemon Tree Hotel in Sasan Gir, Gujarat. Carnation Hotels Private Limited, a fully-owned subsidiary of Lemon Tree Hotels Limited, will oversee the hotel.

Lemon Tree Hotels—Forest Gir is the new hotel destination:

The most notable feature of Gujarat’s renowned Gir National Park is that it is home to the critically endangered Asiatic lion, which is the last of its kind in its natural habitat. A vast variety of wildlife can be found in the park because of its diverse ecosystem, which consists of grasslands, waterways, and dense forests. Visitors can see antelopes, deer, leopards, and a variety of bird species. Gir National Park is a popular travel destination for people who love nature and wildlife from all over the world because of its breathtaking landscape and rich biodiversity.

Everything about the new Lemon Tree Hotel:

The Lemon Tree Hotel in Sasan Gir, Gujarat, is scheduled to open in fiscal year 2026. It will have 74 luxurious rooms, a restaurant, a conference space, a banquet hall, a swimming pool, a spa, and a fitness center. About 60 kilometers separate the property from Keshod Airport, 100 kilometers separate from Diu Airport, and 180 kilometers separate from Hirasar Rajkot International Airport. The closest train stations are Veraval, which is 45 km away, and Junagadh, which is about 50 km away. Vilas Pawar, CEO of Lemon Tree Hotels’ managed and franchise business, stated at the event: “We are thrilled to announce the growth of our portfolio in Gujarat, where we presently have seven properties. This addition will go well with the ten properties we have coming up in the state.”

Lemon Tree Hotels Ltd. stock is up now in Intraday:

The stock of Lemon Tree Hotels Ltd. is currently trading positively and has increased marginally intraday. The stock price is currently Rs. 123.10, or nearly 1%, higher today.

Conclusion: In order to take advantage of the greater opportunities, Lemon Tree Hotels is looking to grow quickly. They plan to open more hotels in their target state of Gujarat shortly.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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