Lemon Tree Hotels Ltd. ( (IN:LEMONTREE) ) has shared an announcement.
Lemon Tree Hotels Limited has announced the signing of a new license agreement for a property in Vrindavan, Uttar Pradesh, managed by its subsidiary, Carnation Hotels Private Limited. Expected to open in FY 2029, the Lemon Tree Hotel in Vrindavan will feature 120 rooms and various amenities, enhancing the company’s presence in the region. This expansion aligns with Lemon Tree’s strategy to grow its footprint in Uttar Pradesh, complementing its existing and upcoming properties, and capitalizing on Vrindavan’s status as a major pilgrimage site.
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 diverse range of services through its seven 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: -9.62%
Average Trading Volume: 200,839
Current Market Cap: 113.9B INR
See more insights into LEMONTREE stock on TipRanks’ Stock Analysis page.