Lemon Tree Hotels Signs New Resort in Lonavala, Maharashtra
Lemon Tree Hotels Limited announced the signing of a new resort in Lonavala, Maharashtra. The property will feature 50 rooms and amenities including a restaurant and swimming pool. It will be managed by Carnation Hotels Private Limited, a subsidiary. The signing aims to strengthen the company's leisure portfolio.
The signing of a new resort is a positive step for the company's growth, but the impact is considered medium as it is a single property signing and not a major financial event.
The announcement details the signing of a new hotel, which is a positive development for the company's expansion and presence in a key leisure destination.
Lemon Tree Hotels Limited has announced the signing of a new Lemon Tree Resort in Lonavala, Maharashtra. This property, which will be managed by its wholly-owned subsidiary Carnation Hotels Private Limited, will feature 50 well-appointed rooms, a restaurant, banquet hall, meeting room, swimming pool, spa, and a fitness center.
The signing strengthens Lemon Tree's leisure portfolio in Lonavala, a popular getaway destination known for its scenic beauty and proximity to Mumbai and Pune. The resort's convenient location is approximately 69 km from Navi Mumbai International Airport and 5.8 km from Lonavala Railway Station.
Mr. Vilas Pawar, CEO – Managed & Franchise Business, Lemon Tree Hotels, expressed optimism about the signing, stating that Lonavala has strong potential for weekend travel, weddings, and corporate retreats. This expansion aligns with the company's strategy to grow its resort portfolio in key leisure destinations and scale its presence in Maharashtra.
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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.