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Lemon Tree Hotels announces its debut in Bhutan, with the launch of Lemon Tree Hotel, Thimphu

Posted On: 2020-02-27 17:24:23

Lemon Tree Hotels Limited, through its management subsidiary Carnation Hotels Pvt. Ltd., announced its debut in the second international destination, Bhutan, with the launch of the first Lemon Tree Hotel in Thimphu. Lemon Tree Hotels Limited is India's largest hotel chain in the mid-priced hotel sector, and the third largest overall.

The hotel, located on Changlam street, Thimphu, features 27 well-appointed rooms, complemented by a multi-cuisine restaurant, Citrus Café, with a picturesque al fresco dining area, Citrus Patio; a hip recreation bar, Slounge;a well-equipped fitness center and more.

Speaking on the occasion, Mr. Rattan Keswani, Deputy Managing Director - Lemon Tree Hotels and Director - Carnation Hotels, said, "We are delighted to enter Bhutan with this chic hotel. This is our first operating hotel in Bhutan, and we feel that the market holds immense business potential. We have a locational advantage, with the hotel strategically situated in immediate proximity to key attractions like the famous Changlimithang stadium, Norzin Lam street, the clock tower square and also close to other attractions such as the iconic statue of Buddha Dordenma, TashichhoDzong, DechenPhodrang Monastery. The hotel is also well connected to the Paro International Airport and the Thimphu Bus Station."

He further added, "The addition of this hotel opens a new international destination for the brand, thereby increasing our appeal to our existing and potential customers. It will also add to our repertoire of hotels in the region, which include our existing hotels in Gangtok and Siliguri, and upcoming international launches in Darjeeling, Bhutan and Nepal. We are confident that our partnership will enjoy mutually beneficial results within a reasonable stabilization period after the launch."

Traditional Bhutanese architecture interwoven with aesthetic design elements that reflect the city's culture and spirit, complemented by a welcoming ambience and modern facilities and amenities, make this hotel perfect for business and leisure travellers alike.

Shares of Lemon Tree Hotels Ltd was last trading in BSE at Rs.52.9 as compared to the previous close of Rs. 53.75. The total number of shares traded during the day was 34065 in over 301 trades.

The stock hit an intraday high of Rs. 54.2 and intraday low of 52.7. The net turnover during the day was Rs. 1818661.


Source: Equity Bulls

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