Lemon Tree Hotels signs two new Premier properties in Ayodhya and Guwahati with RJ Corp
Lemon Tree Hotels signed agreements for two new Premier properties in Ayodhya and Guwahati, to be developed by RJ Corp and managed by its subsidiary, expanding its portfolio and market reach.
The addition of two new Premier hotels in key locations like Ayodhya and Guwahati, through development management agreements, represents a significant strategic move for portfolio growth and market penetration, contributing to the company's long-term expansion plans.
The signing of two new Premier hotel properties signifies business expansion, increased market presence, and potential for future revenue growth, which are positive indicators for the company.
Lemon Tree Hotels Limited (LTHL) has announced the signing of two Development Management and License Agreements for new Lemon Tree Premier properties: * Lemon Tree Premier, Ayodhya: This hotel will feature approximately 300 rooms, a restaurant, a banquet, a meeting/conference room, and recreation facilities including a swimming pool and a spa. It is strategically located near the Shri Ram Janmbhoomi Teerth Kshetra, Maharishi Valmiki International Airport, Ayodhya Dham, and the railway station. * Lemon Tree Premier, Guwahati: This property will include approximately 300 rooms and about 50 serviced apartments with kitchenettes. It will also offer a restaurant, a banquet, a meeting/conference room, and recreational amenities such as a swimming pool and a spa. Both hotels will be developed by RJ Corp Limited, leveraging LTHL's technical expertise, with operations managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels. Mr. Patanjali G. Keswani, Executive Chairman, commented that these signings expand the portfolio and align with the company's vision, with the Guwahati property also catering to medical tourism.
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Lemon Tree Hotels Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. 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.