BAJAJ BROKING
Lemon Tree Hotels has signed an agreement for a new 54-room property in Udaipur, Rajasthan. The hotel, set to open in FY 2027, will be managed by Carnation Hotels, a subsidiary of Lemon Tree Hotels.
Lemon Tree Hotels Ltd announced the signing of a license agreement for a new 54-room hotel in Udaipur, Rajasthan. This property will be managed by Carnation Hotels Private Ltd, a wholly-owned subsidiary of Lemon Tree Hotels Ltd, and is expected to open in FY 2027. The addition of this property expands Lemon Tree’s presence in Rajasthan, where it already operates multiple hotels.
The upcoming Lemon Tree Hotel, Udaipur, will offer 54 well-appointed rooms, a restaurant, a bar, a meeting room, a swimming pool, and a fitness centre. The property is located approximately 18 km from the Maharana Pratap Airport and 9 km from Udaipur City Railway Station, making it easily accessible for travellers.
Udaipur, known as the “City of Lakes,” is a major tourist destination in Rajasthan, offering a rich blend of history, culture, and scenic beauty. The new hotel aims to attract both leisure and business travellers, capitalising on the city’s growing popularity.
This announcement comes as part of Lemon Tree Hotels' ongoing expansion strategy. The company currently operates nine properties in Rajasthan, with five additional hotels in the pipeline. This new hotel in Udaipur will complement its existing three operational properties in the city, further solidifying its footprint in the state’s hospitality market.
In August 2024, Lemon Tree Hotels signed an agreement for a new hotel in Ayodhya, scheduled to open in FY 2028. The Ayodhya property will feature 80 rooms and include a restaurant, rooftop lounge, fitness centre, and banquet halls, further enhancing Lemon Tree Hotels’ presence across India.
With the signing of this agreement for a new hotel in Udaipur, Lemon Tree Hotels continues its strategic growth in key locations across India. The hospitality firm’s expanding portfolio in Rajasthan underscores its commitment to meeting the increasing demand for premium hospitality in the region. Investors will be closely monitoring the company’s performance, especially with the impact on the Lemon Tree Hotels' share price.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Godrej Properties Acquires 53-Acre Land in Kolkata for ₹500 Crore
21 Nov, 2024 | 2 Min. read
GNFC Partners with INEOS to Build 600kt Acetic Acid Plant in Gujarat
21 Nov, 2024 | 2 Min. read
Adani Infra Launches Open Offer to Buy 26% Stake in PSP Projects
21 Nov, 2024 | 2 Min. read
UPL’s Advanta Secures $350M Investment from Alpha Wave Global
21 Nov, 2024 | 2 Min. read
Commodities Market Today | Crude Oil Drops, Gold Rises, Silver Falls in Market Moves
21 Nov, 2024 | 1 Min. read
Share Market Today | Gift Nifty Signals Weak Opening, Indian Markets May Consolidate
21 Nov, 2024 | 4 Min. read
Gold Rate Today | Gold Gains 0.9% to $2,653.50, Silver Drops 1%
21 Nov, 2024 | 2 Min. read
Know C2C Advanced Systems IPO Review, Objective & Applying Process
21 Nov, 2024 | 1 Min. read
Explore the List of Top Education Stocks in India
21 Nov, 2024 | 8 Min. read
What are Reverse Stock Splits: Meaning & Example
21 Nov, 2024 | 7 Min. read
How to Apply Under Shareholders' Quota in NTPC Green Energy IPO?
21 Nov, 2024 | 1 Min. read
What is Personal Finance? Meaning & Importance
21 Nov, 2024 | 4 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading