On August 1, 2024, Lemon Tree Hotels Ltd announced in a stock exchange filing the signing of a new property under its upscale Aurika Hotels & Resorts brand, located in Sasan Gir, Gujarat. The company stated that this greenfield project is set to open in FY 2029 and will be managed by Carnation Hotels Pvt. Ltd, a subsidiary of Lemon Tree Hotels Ltd.
Aurika, Sasan Gir will feature 82 elegantly designed rooms and suites. The property will include Mirasa, an all-day dining restaurant, as well as banquet facilities such as Ekaara, the ballroom, Aurum, the boardroom, and a stunning swimming pool.
Situated in Gujarat’s western region, Gir is famed for its wildlife and natural beauty. The Gir National Park is a key attraction, offering thrilling safaris and a diverse range of flora and fauna. The landscape includes teak forests, grasslands, and water bodies, providing a picturesque backdrop. Gir also offers cultural experiences through its charming villages, traditional crafts, and warm hospitality, making it a good destination for travellers seeking a mix of adventure, culture, and natural splendour.
Commenting on this development, the CEO of Managed and Franchise Business at Lemon Tree Hotels Ltd, Mr Vilas Pawar, said, “We are delighted to announce the signing of Aurika, Sasan Gir. This property will significantly enhance our presence in Gujarat, where we already have six operational hotels and nine in the pipeline. Aurika, Sasan Gir is poised to offer an exquisite blend of indulgence and nature, providing guests with unparalleled experiences in this unique region. We are excited to bring our signature upscale hospitality to this extraordinary
location, ensuring that it becomes a coveted destination for both domestic and international guests.”
About Lemon Tree Hotels Limited
Lemon Tree Hotels Limited (LTHL) is one of the major hotel chains in India. The company manages a diverse portfolio of properties across upscale, upper-midscale, midscale, and economy segments through ownership, leasing, operation, and franchising.
On August 2, 2024, the share price of Lemon Tree Hotels Ltd opened at ₹145.00, touching the day’s high at ₹149.25, as of 11:24 AM on the NSE.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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