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Lemon Tree Hotels Ltd. ( (IN:LEMONTREE) ) has shared an update.
Lemon Tree Hotels has signed a licence agreement for a 60-room Keys Prima by Lemon Tree Hotels property in Srinagar, to be managed by its wholly owned subsidiary Carnation Hotels. Positioned near Srinagar airport and the railway station, the hotel will offer a restaurant, banquet and conference facilities, plus a pool and fitness centre targeting both corporate and leisure guests.
The signing strengthens Lemon Tree’s presence in Jammu & Kashmir to six properties, comprising four operational hotels and two under development. It also advances the group’s strategy of expanding its elevated midscale Keys Prima brand in high-potential leisure markets while reinforcing its asset-light growth model and brand-led network across key Indian travel circuits.
More about Lemon Tree Hotels Ltd.
Lemon Tree Hotels Ltd is India’s largest mid-priced hotel chain, serving value-conscious and premium business and leisure travellers across the country. Operated through brands including Keys Prima and managed largely via subsidiary Carnation Hotels, the group focuses on an asset-light expansion model in high-growth travel markets such as Jammu & Kashmir.
Average Trading Volume: 310,678
Technical Sentiment Signal: Sell
Current Market Cap: 79.58B INR
See more insights into LEMONTREE stock on TipRanks’ Stock Analysis page.