Lemon Tree Hotels Share Price in Focus as it Signs 2 New Properties in Maharashtra

In a strategic move to strengthen its foothold in Maharashtra, Lemon Tree Hotels Limited has entered into 2 license agreements for upcoming properties in Navi Mumbai and Jalgaon. The newly signed hotels—Lemon Tree Premier, Navi Mumbai and Lemon Tree Hotel, Jalgaon—will be managed by Carnation Hotels Private Limited, the company’s wholly-owned subsidiary. This development is in line with Lemon Tree’s long-term expansion strategy across prominent and emerging destinations in India.

New Developments in Navi Mumbai and Jalgaon

The Lemon Tree Premier in Navi Mumbai will offer 67 well-appointed rooms and an array of premium amenities, including a restaurant, banquet hall, meeting room, swimming pool, fitness centre, and other public spaces. The property is strategically located approximately 24 km from Chhatrapati Shivaji Maharaj International Airport and 21 km from Panvel Railway Station, with strong connectivity via public and private transport.

On the other hand, the Lemon Tree Hotel in Jalgaon is set to feature 100 well-appointed rooms, along with a restaurant, banquet, meeting room, spa, swimming pool, fitness centre and other facilities. Jalgaon Airport is just 4.3 km away and the railway station is around 5.4 km from the hotel, ensuring ease of access for guests.

Leadership Remarks and Company Footprint

Mr. Kapil Sharma, Executive Vice President - Finance & Chief Financial Officer of Lemon Tree Hotels, stated, “We are pleased to strengthen our presence in Maharashtra with the signing of these 2 new properties. These additions reinforce our growing footprint in the state, where we currently operate 14 hotels and have seven more under development. It also reflects our continued commitment to strategic expansion across key markets.”

Lemon Tree Hotels Limited, one of India’s leading hotel chains, operates across various market segments, including upscale, upper-midscale, midscale, and economy. With brands such as Aurika Hotels & Resorts, Lemon Tree Premier, and Red Fox Hotels under its umbrella, the company caters to a wide spectrum of travellers. From a modest beginning in 2004 with just 49 rooms, Lemon Tree now boasts over 220 hotels, with a presence in more than 70 destinations across India and international locations like Dubai, Bhutan, and Nepal.

Read More: Lemon Tree Expands Business with Launch of 4th Hotel in Anjuna, Goa!

Lemon Tree Share Price Performance

As of July 11, 2025, at 9:30 AM, Lemon Tree share price is trading at ₹156.09 per share, reflecting a decline of 1.28%.

Conclusion

The addition of the Navi Mumbai and Jalgaon properties marks another significant milestone in Lemon Tree Hotels’ expansion journey. These new signings not only bolster the brand’s presence in Maharashtra but also reflect its commitment to catering to the growing demand for quality hospitality services in both metro and emerging markets.

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