Lemon Tree Hotels Signs Two New Properties in Madurai and Mcleodganj
Lemon Tree Hotels Limited has signed agreements for two new properties: Lemon Tree Premier in Madurai with 100 rooms and Keys Select in Mcleodganj with 45 rooms. Both will be managed by its subsidiary, Carnation Hotels Private Limited. These signings expand the company's presence in Tamil Nadu and Himachal Pradesh.
The addition of two new properties, while positive, represents future growth and does not immediately impact current financials. The scale of these properties is moderate.
The announcement details the signing of new properties, indicating business expansion and growth for the company.
Lemon Tree Hotels Limited has announced the signing of two new license agreements: Lemon Tree Premier, Madurai and Keys Select By Lemon Tree Hotels, Mcleodganj. Both properties will be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels Limited.
The Lemon Tree Premier in Madurai will feature 100 well-appointed rooms, a restaurant, banquet hall, meeting/conference room, swimming pool, and fitness center. This signing strengthens the group's presence in Tamil Nadu, adding to its existing portfolio of eight properties in the state.
The Keys Select by Lemon Tree Hotels in Mcleodganj will offer 45 well-appointed rooms, a restaurant, meeting/conference room, swimming pool, and fitness center. This marks the second hotel for the group in Mcleodganj, further expanding its footprint in Himachal Pradesh.
Mr. Vishvapreet Singh Cheema, President, Lemon Tree Hotels Ltd., expressed enthusiasm about the expansion, highlighting the strategic importance of Madurai as a commercial and cultural hub, and Mcleodganj as a key leisure destination. The company aims to cater to both business and leisure travelers with these new additions.
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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.