Lemon Tree Hotels signs HOA for a new 228-room property in Tirupati, Andhra Pradesh
Lemon Tree Hotels Limited announced the execution of a Hotel Operating Agreement for a new 228-room "Lemon Tree Suites" property in Tirupati, Andhra Pradesh. The hotel will be operated by its subsidiary, Carnation Hotels Private Limited. This expansion enhances Lemon Tree's presence in key spiritual and tourist destinations.
The addition of a new property, especially in a significant tourist destination like Tirupati, is a positive development that can contribute to revenue growth and brand presence, thus having a medium-term impact.
The announcement details the signing of a new hotel operating agreement, indicating business expansion and growth for the company.
Lemon Tree Hotels Limited (LTHL) has announced the execution of a Hotel Operating Agreement (HOA) for a new upcoming hotel in Tirupati, Andhra Pradesh. The property will be operated by Carnation Hotels Private Limited, a wholly-owned subsidiary of LTHL, under the brand name "Lemon Tree Suites". The license agreement for the brand name usage will be executed after the receipt of the Occupation/Completion Certificate.
The hotel will feature 228 well-appointed rooms and suites, a restaurant, a banquet hall, a meeting room, a swimming pool, and a spa. Tirupati is a significant spiritual destination, attracting millions of devotees annually, and the hotel is strategically located with proximity to Tirupati International Airport and Tirupati Railway Station.
Mr. Vilas Pawar, CEO - Managed & Franchise Business, Lemon Tree Hotels, commented that this signing extends their pilgrimage portfolio and highlights Andhra Pradesh as a magnet for tourism. Lemon Tree Hotels Limited operates over 120 hotels across 80+ cities in India and abroad, with a strong pipeline of upcoming properties.
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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.