Lemon Tree Hotels Share Price In Focus; Signs New Property in Gujarat

Lemon Tree Hotels Limited has continued its expansion strategy by adding a new property in Gujarat, strengthening its footprint in high-growth tourism-driven locations. The latest signing reflects the company’s focus on scaling its presence in emerging travel destinations. 

New Hotel Signing in Gujarat 

The company has entered into a licence agreement for a new property in Garudeshwar, Gujarat, which will be managed by its wholly owned subsidiary, Carnation Hotels. The upcoming hotel will feature 90 rooms along with facilities such as a restaurant, banquet hall, meeting spaces, and recreational amenities including a swimming pool, spa, and fitness centre.  

With this addition, Lemon Tree Hotels will have a total of 32 properties in Gujarat, including operational and upcoming projects, reinforcing its regional expansion strategy. 

Focus on Tourism and Pilgrimage Destinations 

The move aligns with the company’s broader strategy of targeting locations witnessing rising tourist inflows, particularly those driven by pilgrimage and cultural travel. Garudeshwar, located near key attractions such as the Statue of Unity, is seeing increased visitor traffic supported by improving infrastructure and connectivity.  

The property is well connected via road networks, with proximity to Ekta Nagar railway station and Vadodara airport, enhancing accessibility for travellers. 

Read More: Lemon Tree Hotels Shares in Focus Following New Resort Signing in Lonavala! 

Lemon Tree Hotels Share Price Performance 

As of 17 April 2026, Lemon Tree Hotels share price closed at ₹114.73 per share, reflecting a surge of 0.48% from the previous closing price. 

Conclusion 

The new signing strengthens Lemon Tree Hotels’ portfolio in Gujarat and supports its strategy of expanding in high-demand travel destinations. 

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