Lemon Tree Hotels Signs Two New Resorts in Maharashtra, Adds 200 Keys
Lemon Tree Hotels signed two new resorts in Maharashtra: Tadgaon and Igatpuri, adding 200 keys to its pipeline. Tadgaon will have 110 rooms and Igatpuri 90 rooms. These properties will be managed by Carnation Hotels Private Limited. The expansion targets drive-to leisure and corporate travel markets.
The addition of 200 keys across two new properties represents a moderate expansion of the company's network and operational capacity, which could positively impact future revenue and market presence.
The announcement details the signing of two new properties, indicating business expansion and growth, which is a positive development for the company.
Lemon Tree Hotels Limited has announced the signing of two new properties in Maharashtra: Lemon Tree Resort, Tadgaon and Lemon Tree Resort, Igatpuri. These additions will increase the company's network to 32 properties in the state, with 15 operational and 17 in the pipeline.
Lemon Tree Resort, Tadgaon will feature 110 rooms, a restaurant, banquet hall, meeting/conference room, swimming pool, spa, and fitness center. It is located approximately 75 km from Navi Mumbai International Airport and 100 km from Mumbai Central Railway Station.
Lemon Tree Resort, Igatpuri will offer 90 rooms, along with a restaurant, banquet hall, meeting/conference room, swimming pool, spa, and fitness center. This property is situated approximately 134 km from Mumbai International Airport and 5.6 km from Igatpuri Railway Station.
Both properties will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited. The company believes these signings underscore a focus on high-potential micro-markets suitable for drive-to leisure and corporate travel. Mr. Vishvapreet Singh Cheema, President, Lemon Tree Hotels Ltd., stated that the expansion strategy aligns with the evolving dynamics of the drive-to hospitality sector and aims to capture weekend leisure, multi-generational travel, and corporate retreats.
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