Lemon Tree Hotels Opens 71-Key Resort in Nashik
Lemon Tree Hotels opened a new 71-key resort in Nashik, Maharashtra. This is the company's second property in the city and 16th in the state. The resort, managed by Carnation Hotels Private Limited, features multiple dining options, event spaces, and recreational facilities.
The opening of a new hotel contributes to the company's growth and market presence, but the impact is considered medium as it is one of many properties and specific financial contributions are not detailed.
The announcement details the opening of a new hotel, which is a positive development for the company's expansion and revenue generation.
Lemon Tree Hotels Limited has announced the opening of Lemon Tree Resort, Nashik, a 71-key lakeside retreat located near Gangapur Dam. This marks the company's second property in Nashik and its 16th operational hotel in Maharashtra, with an additional 16 properties planned.
The resort features 71 well-appointed rooms and suites, a multi-cuisine restaurant (Citrus Café), a bar (Slounge), a banquet hall, a meeting room, a swimming pool, a spa, and a fitness centre. It also offers extensive event spaces suitable for weddings, conferences, and corporate retreats, including a landscaped lawn overlooking the Gangapur Dam backwaters.
Mr. Vishvapreet Singh Cheema, President, Lemon Tree Hotels Ltd., commented that Nashik is emerging as a significant leisure and celebrations destination. He highlighted the resort's potential to cater to various needs, from family getaways to large gatherings, aligning with the growth in leisure and experiential travel in India.
The resort is approximately 33 km from Nashik Airport, 28 km from Nashik Railway Station, and 19 km from Nashik Central Bus Station. It provides easy access to local attractions such as Trimbakeshwar Jyotirlinga Temple, Sula Vineyards, and Pandav Leni Caves.
Lemon Tree Hotels Limited operates over 130 hotels across 80+ cities in India and abroad, with a portfolio of seven brands. The company has a pipeline of over 140 upcoming properties.
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Lemon Tree Hotels Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Lemon Tree Hotels Limited. Read the original for the full detail.