Lemon Tree Hotels Opens First Property in Jharkhand

On July 15, 2024, Lemon Tree Hotels Limited announced in a stock exchange filing about the opening of Lemon Tree Hotel, Centre Point, in Jamshedpur. The company stated that this marks the group’s first property in Jharkhand.

This newly managed hotel features 42 well-appointed rooms designed for comfort and convenience. Guests can enjoy various amenities, including Slounge – a trendy recreation bar and Republic of Noodles, the award-winning Pan-Asian restaurant. The hotel also boasts a banquet facility, a fully equipped fitness centre, and inviting public areas.

Jamshedpur, founded by Jamshetji Tata, is the largest city in Jharkhand and is home to major Tata group companies like Tata Steel and Tata Motors. The city’s Central Jamshedpur area hosts a vibrant financial and business district, making it an attractive destination for travellers.

Jamshedpur offers a range of recreational activities through its private clubs, including golf, tennis, squash, billiards, horse riding, and water scootering. Additionally, the Jamshedpur Football Club competes in the Indian Super League, further enhancing the city’s sports culture. Well-connected by national and state highways, Jamshedpur serves as a key hub in India, making Lemon Tree Hotel, Centre Point, an ideal choice for both business and leisure travellers.

In June 2024, the company signed a License Agreement for Lemon Tree Hotel, Morbi, Gujarat. Lemon Tree Hotel, Morbi, will feature 75 well-appointed rooms, a banquet hall, a restaurant, a meeting room, a swimming pool and a spa. The Rajkot International Airport is about 65 km from the property, while the Morbi Railway Station is about 12 km away. The hotel is also well connected by roadways for both public and private transport. The property is expected to open in FY 2029.

About Lemon Tree Hotels Limited

Lemon Tree Hotels Limited (LTHL) is one of India’s largest hotel chains, managing a diverse portfolio of hotels through ownership, leasing, operation, and franchising across upscale, upper-midscale, midscale, and economy segments. The group operates seven brands to cater to guests’ needs at every level, including Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox Hotels by Lemon Tree, Keys Prima by Lemon Tree, Keys Select by Lemon Tree, and Keys Lite by Lemon Tree.

On July 16, 2024, the share price of Lemon Tree Hotels Ltd opened at ₹147.99, touching the day’s high at ₹148.50, as of 9:38 AM on the NSE.

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