Lemon Tree Hotels Expands Presence with a New Property in Bokaro, Jharkhand

Lemon Tree Hotels has announced a new property under its Keys Select brand in Bokaro, Jharkhand. Managed by its subsidiary, Carnation Hotels Private Limited, this hotel is expected to open in FY 2027. The move aligns with the company’s strategy to expand its footprint in key industrial and urban centres.

Strategic Expansion in Bokaro

Bokaro, a major industrial hub, is home to the renowned Bokaro Steel Plant, one of India’s largest. With its mix of industrial, urban, and rural areas, the city presents a lucrative market for hospitality growth. The upcoming Keys Select by Lemon Tree Hotels will cater to both business and leisure travellers, leveraging Bokaro’s connectivity via road, rail, and air through Birsa Munda Airport in Ranchi.

Hotel Features and Lemon Tree’s Growth Vision

The new property will offer 50 well-appointed rooms, a restaurant, banquet facilities, meeting rooms, a rooftop bar, a fitness centre, a swimming pool, and other amenities. This addition strengthens Lemon Tree Hotels’ presence in Jharkhand, where it already operates one hotel with three more in the pipeline. The company, with over 210 hotels, continues to expand domestically and internationally across diverse market segments.

Lemon Tree Hotels Share Performance 

As of March 18, 2025, at 11:10 AM, the shares of Lemon Tree Hotels are trading at ₹131.40 per share, reflecting a surge of around 2.25% from the previous closing price. Over the past month, the stock has registered a gain of 5.90%.

Conclusion

With the launch of Keys Select in Bokaro, Lemon Tree Hotels continues its aggressive expansion strategy, reinforcing its position in India’s growing hospitality industry. This strategic move is set to boost the brand’s footprint in industrial cities while catering to evolving travel demands.

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