Lemon Tree Hotels Signs Two New Properties in Andhra Pradesh and Chhattisgarh
Lemon Tree Hotels announced the signing of two new properties: a resort in Bapatla, Andhra Pradesh (90 rooms) and a hotel in Bhilai, Chhattisgarh (72 rooms). Both will be managed by its subsidiary, Carnation Hotels Private Limited. This marks the company's first property in Chhattisgarh.
The signing of new properties contributes to the company's expansion and market presence, indicating growth, but the direct financial impact is not immediate.
The announcement details the expansion of the company's hotel portfolio, which is a positive development for business growth.
Lemon Tree Hotels Limited has announced the signing of two new properties: Lemon Tree Resort in Bapatla, Andhra Pradesh, and Lemon Tree Hotel in Bhilai, Chhattisgarh. Both properties will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary.
The Lemon Tree Resort in Bapatla will feature 90 rooms, a restaurant, a bar, a banquet hall, a meeting room, a swimming pool, a spa, and a fitness center. It is located in a coastal town known for Suryalanka Beach.
The Lemon Tree Hotel in Bhilai will offer 72 rooms, a restaurant, a banquet hall, a meeting room, a swimming pool, and a spa. Bhilai is known as the Steel City of India.
Mr. Vilas Pawar, CEO - Managed & Franchise Business, Lemon Tree Hotels, commented that these signings extend the company's footprint to two unique locations and that while Andhra Pradesh already has several operational and upcoming hotels, this will be the company's first property in Chhattisgarh.
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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.