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Lemon Tree Hotels Ltd. ( (IN:LEMONTREE) ) has issued an announcement.
Lemon Tree Hotels Limited has announced the signing of a new property, Lemon Tree Premier, in Surat, Gujarat, which will be managed by its subsidiary, Carnation Hotels Private Limited. The new hotel will feature 108 rooms and various amenities, enhancing the company’s presence in the region known for its diamond and silk industries. This expansion aligns with Lemon Tree’s strategy to capitalize on Surat’s cultural and economic strengths, as well as its strategic location, to attract both business and leisure travelers.
More about Lemon Tree Hotels Ltd.
Lemon Tree Hotels Limited is one of India’s largest hotel chains, operating across various segments including upscale, upper-midscale, midscale, and economy. The company offers a diverse portfolio with seven distinct brands, such as Aurika Hotels & Resorts and Lemon Tree Premier, catering to a wide range of guest needs.
Average Trading Volume: 157,072
Current Market Cap: 108.4B INR
For detailed information about LEMONTREE stock, go to TipRanks’ Stock Analysis page.