Lemon Tree Hotels Signs New 55-Room Hotel in Akola, Maharashtra
Lemon Tree Hotels signed a new 55-room hotel in Akola, Maharashtra, under the Keys Prima by Lemon Tree Hotels brand. Managed by its subsidiary Carnation Hotels, this addition increases the company's Maharashtra portfolio to 28 hotels (15 operational, 13 pipeline). The hotel aims to cater to growing business and regional travel demand.
The signing of a new hotel is a positive development that contributes to the company's overall growth and market presence, but it does not immediately impact financial results significantly.
The announcement details the expansion of the company's hotel portfolio, indicating growth and strategic development.
Lemon Tree Hotels Limited has announced the signing of a new hotel in Akola, Maharashtra, under the brand Keys Prima by Lemon Tree Hotels. This property will feature 55 well-appointed rooms, a restaurant, banquet hall, conference room, and recreational amenities including a fitness centre, swimming pool, and spa.
The hotel will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited. This signing expands the company's portfolio in Maharashtra, bringing its total to 28 hotels in the state, with 15 operational and 13 in the pipeline.
Akola, located in the Vidarbha region, is a significant commercial and agricultural hub. Mr. Vilas Pawar, CEO – Managed & Franchise Business, Lemon Tree Hotels, stated that the expansion into emerging regional centers like Akola aligns with the company's strategy to meet the growing demand for quality branded hospitality.
Lemon Tree Hotels Limited operates over 120 hotels across 80+ cities in India and abroad, with a pipeline of over 130 upcoming properties, offering a diverse range of brands and experiences.
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