Lemon Tree Hotels Signs New Property in Gandhidham, Gujarat
Lemon Tree Hotels signs a license agreement for a new 54-room property in Gandhidham, Gujarat, managed by Carnation Hotels. The hotel will feature a restaurant, banquet hall, pool, and spa.
The addition of a new property is likely to have a moderate impact on the company's overall business and expansion strategy.
The announcement discusses the expansion of Lemon Tree Hotels with a new property, which is generally perceived as positive news.
* Lemon Tree Hotels has signed a License Agreement for a new property in Gandhidham, Gujarat. * The property will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited. * The hotel will feature 54 well-appointed rooms, a restaurant, a banquet hall, and recreational facilities including a swimming pool and a spa. * Gandhidham is close to Kandla Port and is an important commercial and industrial hub. * The Kandla Airport is approximately 13 kms away, and the Gandhidham Railway Station is about 12 kms away from the property. * With this signing Lemon Tree Hotels will expand its business & leisure portfolio in Gujarat, where it has nine operational and 19 upcoming properties in addition to this one.
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Lemon Tree Hotels Limited filed this with the NSE as a statutory disclosure, categorised under press release. 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.