Lemon Tree Hotels Shares in Focus Following New Resort Signing in Lonavala

Lemon Tree Hotels Limited has announced the signing of a new resort property in Lonavala, Maharashtra, as part of its ongoing expansion strategy. The development, disclosed on 19 March 2026, reflects the company’s focus on strengthening its footprint in leisure destinations.

The property will be operated through its wholly owned subsidiary, supporting its broader hospitality portfolio.

New Resort Development in Lonavala

The upcoming Lemon Tree Resort will be located in Lonavala, a well-known leisure destination in Maharashtra. The project will be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of the company.

The resort is expected to include 50 rooms along with amenities such as a restaurant, banquet facilities, meeting spaces, a swimming pool, spa, and fitness centre. These features are intended to cater to both leisure travellers and corporate groups.

Strategic Importance of the Location

Lonavala, situated in the Sahyadri hills, continues to attract visitors due to its accessibility from major urban centres such as Mumbai and Pune. The destination sees consistent demand from weekend travellers, corporate events, and social gatherings.

The property is located approximately 69 km from Navi Mumbai International Airport and around 5.8 km from Lonavala railway station, offering connectivity for travellers from various regions.

Expansion in Maharashtra

With this addition, Lemon Tree Hotels continues to expand its presence in Maharashtra. The company currently operates multiple properties in the state and has several projects under development.

This approach aligns with its strategy of strengthening its presence in both established urban markets and emerging leisure destinations.

Brand Portfolio and Operations

Lemon Tree Hotels operates across multiple segments through its various brands, catering to a wide range of travellers. Its portfolio includes offerings across upscale, midscale, and economy categories, covering business, leisure, and specialised travel segments.

The company has an extensive network of operational and upcoming hotels across India and select international markets, reflecting steady growth in its hospitality business.

Lemon Tree Share Price Performance

Shares of Lemon Tree Hotels Limited were trading at ₹107.54 as of 20 March 2026, marking an increase of ₹1.09 or 1.02%. During the trading session, the stock opened at ₹107.00 and moved within a range of ₹106.76 to ₹108.38. The previous closing price stood at ₹106.45, indicating moderate upward movement.

Read More:Indian Railways Tightens Rules to Curb Unauthorised Vendors on Trains.

Conclusion

The signing of the new resort in Lonavala reflects Lemon Tree Hotels’ continued focus on expanding its presence in key leisure destinations. By adding properties in strategically located regions, the company aims to support its growth across both business and leisure travel segments while maintaining a balanced portfolio.

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