Lemon Tree Hotels has signed a license agreement for a new Red Fox by Lemon Tree Hotels in Bhopal, Madhya Pradesh. The property will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels. It is expected to start operations in FY 2027.
The upcoming hotel will have 46 rooms, a restaurant, a meeting room, a bar, and other public areas. It will be located 17 km from Raja Bhoj Airport and 6 km from Bhopal Railway Station, with road connectivity for both public and private transport.
Lemon Tree Hotels currently operates four hotels in Madhya Pradesh and has three more in the pipeline. This addition will further expand its presence in the state.
Lemon Tree Hotels operates across upscale, upper-midscale, midscale, and economy segments under multiple brands, including:
| S.No | Name |
| 1 | Aurika Hotels & Resorts |
| 2 | Lemon Tree Premier |
| 3 | Lemon Tree Hotels |
| 4 | Red Fox by Lemon Tree Hotels |
| 5 | Keys Prima by Lemon Tree Hotels |
| 6 | Keys Select by Lemon Tree Hotels |
| 7 | Keys Lite by Lemon Tree Hotels |
It has over 110 operational hotels and 90+ upcoming properties in India and internationally, including Dubai, Bhutan, and Nepal.
On the other side, Bhopal, often called the “City of Lakes,” is known for its historical sites, including Taj-ul-Masjid, Fatehgarh Fort, Bharat Bhawan, Museum of Man, and Van Vihar National Park.
In Q3 FY25, Lemon Tree Hotels reported a 76.53% increase in net profit to ₹62.49 crore, while revenue from operations grew by 22.4% to ₹355.18 crore compared to the same period in the previous year.
Following the announcement, Lemon Tree Hotels’ stock price increased by 5.25% to ₹130.59 as of 10:24 AM on February 19, despite an 11.58% decline over the past month, while maintaining an 8.36% gain over the past six months.
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Published on: Feb 19, 2025, 2:47 PM IST
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