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Lemon Tree Hotels Ltd. ( (IN:LEMONTREE) ) has shared an announcement.
Lemon Tree Hotels Limited has announced the signing of a new property, Keys Select by Lemon Tree Hotels, in Mhasrul, Nashik, Maharashtra. This strategic move, managed by its subsidiary Carnation Hotels Private Limited, includes a 50-room hotel with a restaurant and banquet facilities. The location is well-connected and situated in a developing industrial area with significant corporate presence. This expansion aligns with Lemon Tree Hotels’ strategy for sustained growth in key markets, reinforcing its footprint in Maharashtra where it currently operates 14 hotels with nine more in development.
More about Lemon Tree Hotels Ltd.
Lemon Tree Hotels Limited (LTHL) is a prominent hospitality company in India, catering to a diverse clientele ranging from budget-conscious travelers to premium business and leisure seekers. The company operates under seven distinct brands, including Aurika Hotels & Resorts, Lemon Tree Premier, and Keys Select, offering services across various segments such as upper upscale, upscale, and midscale. LTHL serves over 1.5 million guests annually, managing over 110 hotels in more than 75 cities in India and abroad, with a pipeline of 110+ upcoming properties.
Average Trading Volume: 223,704
Technical Sentiment Signal: Buy
Current Market Cap: 134.2B INR
Find detailed analytics on LEMONTREE stock on TipRanks’ Stock Analysis page.