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Lemon Tree Hotels Ltd. ( (IN:LEMONTREE) ) has shared an announcement.
Lemon Tree Hotels Ltd has signed a licence agreement for a new 98-room Lemon Tree Hotel in Simara, Nepal, which will be managed by its subsidiary Carnation Hotels Private Limited. The property will offer a multi-cuisine restaurant, lounge, banquet and conference spaces, and wellness facilities including a swimming pool, spa, and fitness centre.
With this signing, Lemon Tree will have seven properties in Nepal, combining operational and upcoming hotels and reinforcing its push into emerging commercial and transit hubs. The move aligns with the company’s strategy to deepen its presence in structurally attractive markets like Nepal, where tourism demand is spreading beyond traditional destinations into gateway cities and eco-tourism corridors such as Simara near its airport.
More about Lemon Tree Hotels Ltd.
Lemon Tree Hotels Ltd is one of India’s leading hospitality chains, operating midscale and upscale hotels across key business and leisure destinations. Through its wholly owned subsidiary Carnation Hotels Private Limited, the company focuses on managing properties in high-growth gateway cities and transit-led markets, including an expanding portfolio in Nepal.
Average Trading Volume: 290,317
Technical Sentiment Signal: Sell
Current Market Cap: 85.32B INR
See more insights into LEMONTREE stock on TipRanks’ Stock Analysis page.