Lemon Tree Hotels Signs New Property in Chitrakoot, Uttar Pradesh
Lemon Tree Hotels Limited announced signing of a new property, Keys Select by Lemon Tree Hotels, in Chitrakoot, Uttar Pradesh. The hotel will have 48 rooms and will be managed by its subsidiary. This expansion aims to cater to religious and leisure travelers.
The signing of a new property contributes to the company's growth and market presence, which can have a medium-term impact on its revenue and brand visibility.
The announcement is positive as it signifies business expansion and growth for the company through the signing of a new hotel property.
Lemon Tree Hotels Limited has announced the signing of a new property, Keys Select by Lemon Tree Hotels, in Chitrakoot, Uttar Pradesh. This hotel will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited.
The new property will feature 48 well-appointed rooms, a restaurant, a banquet hall, a meeting room, and recreational facilities including a fitness center and a swimming pool. The hotel is strategically located in a spiritually significant town, well-connected to Chitrakoot Airport and Chitrakutdham Karwi Railway Station.
Mr. Vilas Pawar, CEO - Managed & Franchise Business, Lemon Tree Hotels, expressed pleasure in extending the company's religious and leisure portfolio to cater to pilgrims and travelers. He also noted that the state of Uttar Pradesh has eight operational and fourteen upcoming hotels.
Lemon Tree Hotels Limited is a leading hospitality company in India operating over 120 hotels across 80 cities in India and abroad, with a growing 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.