Lemon Tree Hotels signs new 100-room hotel in Najibabad, Uttar Pradesh
Lemon Tree Hotels announced the signing of a new 100-room hotel in Najibabad, Uttar Pradesh. Managed by its subsidiary Carnation Hotels, this marks the company's 25th property in the state. The hotel will feature standard amenities and cater to spiritual, leisure, and transit travelers.
The signing of a new hotel, while positive, is a single property and part of a larger pipeline. Its impact on the overall financials is likely to be medium-term and incremental.
The announcement details the expansion of the company's hotel portfolio through a new signing, which is a positive development for business growth.
Lemon Tree Hotels Limited has announced the signing of a new hotel in Najibabad, Uttar Pradesh. The upcoming Lemon Tree Hotel, Najibabad will feature 100 well-appointed rooms, a restaurant, banquet hall, conference room, and recreational amenities including a fitness centre, swimming pool, and spa.
This property will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited. The signing marks the company's 25th property in Uttar Pradesh, expanding its presence in the state where it currently operates 8 hotels and has 17 more in the pipeline. Najibabad is strategically located in the Bijnor district, serving as a gateway to spiritual and leisure destinations such as Haridwar, Rishikesh, and Jim Corbett National Park.
Mr. Vilas Pawar, CEO – Managed & Franchise Business, Lemon Tree Hotels, commented that Najibabad's position at the crossroads of spiritual, leisure, and transit travel makes it an exciting addition to their portfolio. The company aims to create vibrant, welcoming spaces that deliver reliable comfort and memorable experiences. Lemon Tree Hotels Limited operates over 120 hotels across more than 80 cities in India and abroad, with a pipeline of over 130 upcoming properties.
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Lemon Tree Hotels Limited filed this with the NSE as a statutory disclosure, categorised under new orders. 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.