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An announcement from Lemon Tree Hotels Ltd. ( (IN:LEMONTREE) ) is now available.
Lemon Tree Hotels Limited has announced the signing of a License Agreement for a new property, Lemon Tree Resort, in Pench, Maharashtra. Managed by its subsidiary, Carnation Hotels Private Limited, the resort will feature 60 rooms and various amenities, enhancing Lemon Tree’s wildlife portfolio and expanding its presence in Maharashtra, where it currently operates 14 hotels with 10 more in development. The resort’s strategic location near Pench National Park, a renowned wildlife reserve, positions it as an attractive destination for wildlife enthusiasts, potentially boosting the company’s market appeal in the region.
More about Lemon Tree Hotels Ltd.
Lemon Tree Hotels Limited is a prominent hospitality company in India, catering to a diverse clientele ranging from budget-conscious travelers to premium business and leisure guests. The company operates under seven distinct brands, offering services across various segments including upper upscale, upscale, upper midscale, midscale, leisure, wildlife, and spiritual categories.
Average Trading Volume: 232,456
Technical Sentiment Signal: Buy
Current Market Cap: 130.8B INR
Find detailed analytics on LEMONTREE stock on TipRanks’ Stock Analysis page.