Lemon Tree Hotels has announced the signing of two new properties under the Keys Select brand, located in Vrindavan, Uttar Pradesh, and Navsari, Gujarat. Both hotels will be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels.
The Vrindavan property, expected to open in FY 2026, will feature 54 rooms, a restaurant, a banquet hall, a meeting room, a swimming pool, a spa, and a fitness centre. The Navsari property, set to open in FY 2028, will also have 54 rooms, along with a restaurant and banquet hall.
With this expansion, Lemon Tree Hotels is strengthening its presence in tier II and III cities. The company operates across various hotel segments, catering to a broad spectrum of travellers.
Since its inception in 2004, the group has grown significantly, with a portfolio of over 210 hotels. Its strategic expansion highlights a commitment to providing quality hospitality in both established and emerging destinations.
As of March 24, 2025, at 9:53 AM, the share price of Lemon Tree Hotels is trading at ₹140.51 per share, reflecting an upside of 0.98% from the previous closing price. Over the past month, the stock has declined by 9.46%.
These new signings reflect Lemon Tree Hotels’ strategy of expanding in high-potential locations. As the properties become operational, they will further enhance the brand’s footprint in India’s hospitality market.
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Published on: Mar 24, 2025, 1:20 PM IST
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