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Lemon Tree Hotels Expands Its Presence with New Property in Gujarat

Written by: Team Angel OneUpdated on: Jan 17, 2025, 3:02 PM IST
Lemon Tree Hotels signs a license for a 46-room property in Valsad, Gujarat, strengthening its portfolio with facilities like restaurants, a spa, and a banquet.
Lemon Tree Hotels Expands Its Presence with New Property in Gujarat
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Lemon Tree Hotels Limited, a prominent name in India’s hospitality sector, has announced its latest addition to its portfolio — the Lemon Tree Hotel in Valsad, Gujarat. This strategic expansion underlines the company’s commitment to increasing its footprint in key regions across the country.

Lemon Tree Hotel, Valsad: A Promising Addition

The newly signed property in Valsad will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels. Scheduled to open in the financial year 2029, the hotel will feature:

  • 46 well-appointed rooms
  • 2 restaurants
  • A banquet and a meeting room
  • A swimming pool and a spa
  • Other public amenities

Located near Surat International Airport (approximately 99 km) and just 5 km from the Valsad Railway Station, the hotel promises excellent connectivity by rail and road.

Why Valsad?

Situated in southern Gujarat, Valsad is a hub of cultural and economic activities. Known for its agricultural prominence, particularly Alphonso mango production, the city also boasts attractions such as Tithal Beach and Udvada’s Zoroastrian fire temple. Its proximity to key cities like Mumbai, Surat, and Ahmedabad makes it a strategic choice for Lemon Tree Hotels to cater to both business and leisure travellers.

CEO’s Perspective

Commenting on the development, Mr Vilas Pawar, CEO of the Managed & Franchise Business at Lemon Tree Hotels, said, “We are delighted to strengthen our portfolio in Gujarat, an economic powerhouse known for its rich cultural heritage, diverse landscapes, and vibrant history. This opening will add to our growing presence in the state.”

De-flagging Aurika, Coorg

In parallel, Lemon Tree Hotels announced the de-flagging of Aurika, Coorg, a 55-room managed hotel, effective 15 January 2025. This move follows a termination agreement with the property’s owner and operator, reflecting a strategic restructuring of the company’s offerings.

About Lemon Tree Hotels Limited

With over 200 hotels in its portfolio, Lemon Tree Hotels is one of India’s largest hotel chains. Operating across various market segments, from economy to upscale, the group is known for its tailored offerings through brands like:

  • Aurika Hotels & Resorts
  • Lemon Tree Premier
  • Red Fox Hotels
  • Keys Select by Lemon Tree Hotels

Lemon Tree Hotels operates in key metro cities and tier-II and III locations, with international properties in Dubai, Bhutan, and Nepal.

As of 11:14 AM today, the share price is trading at ₹140.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing

Published on: Jan 17, 2025, 3:02 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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