Lemon Tree signed a license pact for 44-room hotels in Andhra Pradesh.

The hospitality of Lemon Tree Hotels is a vibrant tapestry woven into the fabric of India, providing a welcome combination of coziness throughout its wide range of properties. This dynamic company has an impressive collection of 9,700 rooms spread across 64 bustling cities in India, with a vibrant portfolio of 100 hotels. Every property invites visitors to discover the allure of various locations across the nation by showcasing the rich tapestry of regional culture and hospitality. As of June 30, 2017, the Horwath Report indicates that Lemon Tree Hotels is the clear winner in India’s mid-range hotel market, having taken the lead as the largest chain of hotels in this booming industry.

Lemon Tree Hotels Ltd. entered Vijayawada:

Carnation Hotels Private Limited, a fully-owned subsidiary of Lemon Tree Hotels Limited, will oversee Keys Lite by Lemon Tree Hotels, Metropolitan, Vijayawada, which is the company’s most recent signing. Keys Lite by Lemon Tree Hotels, Metropolitan, Vijayawada is scheduled to open in fiscal year 2026 and will have 44 luxurious rooms, a restaurant, a meeting space, and banquet amenities. The property is approximately 15 km from the Vijayawada International Airport, and the Vijayawada Railway Station is roughly 6 km away.

Vilas Pawar, the CEO of Lemon Tree Hotels Ltd., said:

The CEO of Lemon Tree Hotels’ Managed and Franchise Business, Vilas Pawar, stated, “We are thrilled to announce the expansion of our portfolio in Vijayawada, where we have one upcoming and two operating properties.” This addition will enhance our four Andhra Pradesh hotels that are currently open as well as our four upcoming properties.”

Vijayawada, an energetic city in Andhra Pradesh, India, is well-known for its historical landmarks, extensive cultural heritage, and upbeat vibe. It is a significant center of industry and trade, tucked away on the banks of the Krishna River. Numerous historic temples can be found in the city; among them is the Kanaka Durga Temple, a popular Hindu pilgrimage destination. Vijayawada provides visitors with a unique and fulfilling experience with its blend of historical charm, cultural diversity, and contemporary flair.

Lemon Tree Hotels Ltd. stock declined and was down almost 3% intraday:

The stock of Lemon Tree Hotels Ltd. is currently trading at Rs. 126.51 per share, with a 52-week low of Rs. 125.01 per share.

Conclusion: Lemon Tree Hotels Ltd. is gradually integrating the greatest properties in the best locations to establish itself as the industry leader in the hotel sector.

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.