Lemon Tree Hotels Limited, one of India’s leading hospitality chains, has announced the signing of a new licence agreement for a hotel property in Jaipur, Rajasthan. As of 1:53 PM, the share price of Lemon Tree Hotels is trading higher by 2.28% at ₹144.03.
The upcoming Lemon Tree Hotel, Jaipur, will be operated by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited. The hotel is scheduled to commence operations in FY 2027.
The property will feature 66 well-appointed rooms, a restaurant, banquet facilities, a meeting room, a swimming pool, a fitness centre, and other public areas, catering to both leisure and business travellers.
Located in close proximity to Jaipur International Airport (just 500 metres away), and approximately 12 km from Jaipur Junction Railway Station, the hotel is well-positioned to benefit from strong connectivity via both public and private transport.
With this signing, Lemon Tree Hotels continues its expansion in Rajasthan, where it already operates 10 hotels and has six additional properties in the pipeline. Speaking about the development, Mr Vilas Pawar, CEO of Managed & Franchise Business at Lemon Tree Hotels, expressed enthusiasm about strengthening their regional presence. “We are thrilled to expand our presence in Rajasthan, complementing our portfolio of 10 existing hotels and six upcoming properties,” he said.
Established in 2004, Lemon Tree Hotels Limited (LTHL) is one of the largest hotel chains in India. The company operates across various segments—upscale, upper-midscale, midscale, and economy—offering differentiated hospitality experiences through a range of brands:
The group’s current portfolio includes over 210 hotels—comprising 110+ operational properties and 100+ upcoming hotels—spanning metro cities, tier I/II/III towns, and international destinations like Dubai, Bhutan, and Nepal.
The latest signing in Jaipur highlights Lemon Tree Hotels’ continued expansion strategy in key tourist and business destinations. With operations slated for FY27, the property adds to its growing presence in Rajasthan.
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: Apr 3, 2025, 5:31 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
