Lemon Tree Hotels Expands With a New Property in Shirdi, Maharashtra

Lemon Tree Hotels has signed a license agreement to open a new property in Shirdi, Maharashtra. Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels, will operate the hotel, which is expected to start functioning in the financial year 2028.

Hotel Facilities and Location

The new Hotel will offer 50 well-furnished rooms along with a restaurant, banquet hall, meeting room, swimming pool, spa and other public areas for guests’ convenience. It is located in the well-known pilgrimage town of Shirdi, making travel easy. The hotel is 14.8 km from Shirdi International Airport and just 3 km from Sainagar Shirdi Railway Station. It is also well connected by road for convenient access.

Lemon Tree’s Expansion Strategy

Regarding the signing of the new hotel in Shirdi, Mr Vilas Pawar, CEO-Managed & Franchise Business, at Lemon Tree Hotels, commented, “We are delighted to expand our portfolio in Maharashtra, one of India’s largest commercial and industrial hubs. By expanding in the state, we are not only tapping into a thriving economic hub but also embracing a place that beautifully balances modernity with tradition. This new addition will complement our 12 existing hotels and six upcoming properties in Maharashtra.”

About Lemon Tree Hotels

Lemon Tree Hotels is among India’s largest hotel chains, catering to different segments from luxury to budget stays. With over 200 properties, including operational and upcoming hotels, it has a presence in major Indian cities and has expanded internationally to Dubai, Bhutan and Nepal.

Share Price Performance 

As of February 27, 2025, at 9:45 AM, the shares of Lemon Tree Hotels Ltd are trading at ₹126.70 per share, reflecting a surge of 0.21% from the previous day’s closing price. Over the past month, the stock has registered a loss of 2.97%. The stock’s 52-week high stands at ₹162.40 per share, while its low is ₹112.29 per share.

Conclusion

With this expansion, Lemon Tree Hotels continues its growth strategy, enhancing its portfolio in Maharashtra while catering to both business and leisure travellers.

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