On April 10, 2024, the growing Hotel chain Lemon Tree Hotels Limited announced its entry into Nepal with the opening of Lemon Tree Premier in Budhanilkantha, Kathmandu. This momentous occasion not only marks Lemon Tree’s expansion into a new market but also signifies an impressive achievement—surpassing a landmark inventory of 10,000 rooms across its portfolio.
This strategically located hotel in the heart of Kathmandu promises guests an unforgettable experience. Designed with a focus on style and contemporary comfort, the property boasts 102 well-appointed rooms and suites, catering to diverse traveller needs. For culinary adventures, guests can indulge at the vibrant Citrus Café, a haven for multi-cuisine delights and speciality coffees. Those seeking Asian flavours can explore the award-winning Republic of Noodles restaurant, while the Slounge offers a trendy space for relaxation and socializing.
“We are very pleased to start FY25 on a high note, with the launch of our first hotel in Nepal – Lemon Tree Premier, Budhanilkantha, Kathmandu- and the crossing of the 10,000-room mark. This is the first among several properties that would be coming up in Nepal, as we expand our footprint across the country, with several hotels and resorts set to open this fiscal and in the coming years. We are also going to expand our footprint in Bhutan further this fiscal, with the opening of a resort in Thimphu.” said Mr Patanjali Keswani, Chairman and Managing Director of Lemon Tree Hotels.
“Kathmandu is a popular tourist and business destination with travellers across the globe, and we could not have asked for a better entrant to this key market than the beautifully designed Lemon Tree Premier in Budhanilkantha. This launch sets the tone for the coming year for the brand, and we look forward to many more openings in the months to come, in India and abroad,” said Mr Vilas Pawar, CEO of Managed and Franchise Business, Lemon Tree Hotels.
Lemon Tree Hotels Limited (LTHL) is one of the leading hotel chains in India. The company owns/leases/operates/franchises hotels across the upscale, upper midscale, midscale, and economy segments. On April 10, 2024, the Lemon Tree Hotels share price opened at ₹139.25 and touched a day high of ₹140.95 at 09:40 AM.
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.
Published on: Apr 10, 2024, 12:25 PM IST
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