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Lemon Tree Hotels Ltd. ( (IN:LEMONTREE) ) has shared an announcement.
Lemon Tree Hotels has signed a license agreement for a new Lemon Tree Hotel in Rajendranagar, Hyderabad, to be managed by its wholly owned subsidiary Carnation Hotels Private Limited. The 63-room property will offer a restaurant, banquet hall, meeting room, spa, fitness centre and swimming pool, and is located within convenient driving distance of Rajiv Gandhi International Airport and Shamshabad Railway Station.
The move strengthens Lemon Tree’s footprint in Telangana and aligns with its strategy of deepening presence in high-growth urban centres and emerging micro-markets within metro cities. By targeting Hyderabad’s strong technology, pharmaceutical and infrastructure-led demand, the company is reinforcing its managed portfolio and aiming to capture both corporate and leisure travel in a key South Indian hub.
More about Lemon Tree Hotels Ltd.
Lemon Tree Hotels Limited is India’s fastest-growing midscale and premium hotel chain, operating across key urban centers with a focus on business and leisure travellers. The company offers branded hospitality services through owned and managed properties, with its management arm Carnation Hotels Private Limited overseeing a growing portfolio of licensed and franchise hotels nationwide.
Average Trading Volume: 255,448
Technical Sentiment Signal: Sell
Current Market Cap: 90.28B INR
For a thorough assessment of LEMONTREE stock, go to TipRanks’ Stock Analysis page.