Lemon Tree Hotels Signs New Property in Omkareshwar, Madhya Pradesh
Lemon Tree Hotels Limited has signed a new property, Lemon Tree Premier, in Omkareshwar, Madhya Pradesh. The hotel will feature 85 rooms and amenities like a restaurant, banquet hall, and recreational facilities. This expansion strengthens the company's presence in the state.
The signing of a new property contributes to the company's expansion and market presence, indicating moderate growth potential.
The company is expanding its hotel portfolio by signing a new property, which is a positive development for business growth.
Lemon Tree Hotels Limited has announced the signing of a new property, Lemon Tree Premier, Omkareshwar, Madhya Pradesh. This hotel, featuring 85 well-appointed rooms, a restaurant, a banquet hall, a meeting room, and recreational facilities including a fitness center, swimming pool, and spa, will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited.
The property is strategically located in the pilgrimage town of Omkareshwar, situated on an island in the Narmada River, a significant destination for spiritual seekers. The nearest major airport is Devi Ahilya Bai Holkar International Airport, approximately 85 kms away, and Indore Junction is about 81 kms from the property, with good connectivity via public and private transport.
Mr. Vilas Pawar, CEO - Managed & Franchise Business, commented on the signing, expressing pleasure in extending the company's portfolio in Madhya Pradesh and highlighting Omkareshwar's appeal to pilgrims and travelers. Lemon Tree Hotels Limited operates over 120 hotels across 80+ cities in India and abroad, with a pipeline of more than 130 upcoming properties, across seven distinct brands.
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Lemon Tree Hotels Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. 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.