The latest announcement is out from Lemon Tree Hotels Ltd. ( (IN:LEMONTREE) ).
Lemon Tree Hotels Limited has announced the signing of a new property, the Lemon Tree Resort in Mori Bera, Rajasthan, managed by its subsidiary Carnation Hotels Private Limited. Expected to open in FY 2027, the resort will feature 17 rooms and various amenities, enhancing Lemon Tree’s wildlife portfolio in a region known for its leopard sightings. This expansion strengthens their presence in Rajasthan, complementing their existing and upcoming hotels, and aligns with the company’s strategy to tap into the growing wildlife tourism segment.
More about Lemon Tree Hotels Ltd.
Lemon Tree Hotels Limited is one of India’s largest hotel chains, operating across upscale, upper-midscale, midscale, and economy segments. The company offers a range of services through seven distinct brands, catering to various guest needs. With over 210 hotels, including more than 110 operational ones, Lemon Tree Hotels has a significant presence in key Indian cities and has expanded internationally to locations like Dubai, Bhutan, and Nepal.
YTD Price Performance: -12.17%
Average Trading Volume: 201,905
Current Market Cap: 110.7B INR
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