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Lemon Tree Hotels Ltd. ( (IN:LEMONTREE) ) has provided an announcement.
Lemon Tree Hotels Limited has announced the signing of a new license agreement for a Lemon Tree Hotel in Valsad, Gujarat, expected to open in FY 2029. This property, managed by its subsidiary Carnation Hotels, will feature 46 rooms and various amenities. Concurrently, the company has de-flagged Aurika, Coorg, removing it from its brand umbrella as of January 15, 2025. This expansion into Valsad highlights Lemon Tree’s strategic growth in Gujarat, an area known for its commercial significance and cultural heritage, further strengthening its portfolio in the region.
More about Lemon Tree Hotels Ltd.
Lemon Tree Hotels Limited is one of the largest hotel chains in India, operating across various segments including upscale, upper-midscale, midscale, and economy. The company provides a range of service offerings through its seven brands, such as Aurika Hotels & Resorts, Lemon Tree Premier, and Red Fox Hotels, catering to diverse guest needs.
YTD Price Performance: -11.07%
Average Trading Volume: 247,522
Current Market Cap: 111.4B INR
See more insights into LEMONTREE stock on TipRanks’ Stock Analysis page.