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Lemon Tree Hotels Ltd. ( (IN:LEMONTREE) ) just unveiled an update.
Lemon Tree Hotels Limited has announced the signing of a new franchise agreement for a property named Keys Lite by Lemon Tree Hotels in Kartarpur, Punjab. This new hotel will feature 47 rooms, a restaurant, a banquet and conference hall, and a fitness center, enhancing the company’s presence in Punjab. The location is strategically positioned near popular attractions and transport links, catering to both business and leisure travelers. This expansion aligns with Lemon Tree’s strategy to strengthen its pilgrimage portfolio and capitalize on Punjab’s vibrant tourism and growing hotel infrastructure.
More about Lemon Tree Hotels Ltd.
Lemon Tree Hotels Limited is a leading hospitality company in India, catering to a diverse range of customers from value-conscious travelers to premium business and leisure seekers. The company operates over 120 hotels across more than 80 cities in India and abroad, with a portfolio that includes seven distinct brands such as Aurika Hotels & Resorts, Lemon Tree Premier, and Keys Lite, among others. Lemon Tree Hotels is known for delivering exceptional comfort, consistent quality, and a refreshing experience across various segments, including upper upscale, upscale, midscale, leisure, and spiritual.
Average Trading Volume: 165,575
Technical Sentiment Signal: Buy
Current Market Cap: 127.9B INR
For an in-depth examination of LEMONTREE stock, go to TipRanks’ Overview page.