Lemon Tree Hotels Expands with New Property in Bokaro

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 Bokaro, Jharkhand. Managed by its subsidiary, Carnation Hotels Private Limited, the hotel is set to open in FY 2027 and will feature 50 rooms, a restaurant, banquets, meeting rooms, a rooftop bar, a fitness center, and a swimming pool. This expansion into Bokaro, a major industrial hub known for the Bokaro Steel Plant, aligns with Lemon Tree’s strategy to grow its presence in Jharkhand, complementing its existing and upcoming properties in the region.

More about Lemon Tree Hotels Ltd.

Lemon Tree Hotels Limited is one of the largest hotel chains in India, operating across upscale, upper-midscale, midscale, and economy segments. The company offers a range of brands, including Aurika Hotels & Resorts, Lemon Tree Premier, and Keys Select by Lemon Tree Hotels, among others. With a focus on delivering superior service and value, Lemon Tree Hotels has a portfolio of over 210 hotels, including more than 110 operational hotels and over 90 upcoming properties in India and internationally.

YTD Price Performance: -19.81%

Average Trading Volume: 227,443

Current Market Cap: 101.1B INR

For a thorough assessment of LEMONTREE stock, go to TipRanks’ Stock Analysis page.