Lemon Tree Hotels signs a new property in Malad, Mumbai

Lemon Tree Hotels Limited announced its latest hotel signing - Lemon Tree Hotel, Malad, Mumbai. This hotel, owned by Anmol Fluid Control Products Private Limited is expected to be operational under the Lemon Tree Hotel brand by August 2022, and shall be managed by Carnation Hotels Private Limited, a subsidiary and the management arm of Lemon Tree Hotels Limited.

Malad is a prominent residential cum commercial locality situated in the western part of Mumbai. It is a developing area driven by proximity to employment hubs, educational institutions, world class healthcare facilities and recreational centers. Malad enjoys excellent connectivity to major areas of Mumbai, through the western line, SV Road, Goregaon- Malad Link Road and the Western Express Highway.

Located next to Inorbit Mall, this property will feature 93 well-appointed rooms, complemented by a multi-cuisine restaurant and a bar. It will also have a conference room and a fitness centre for recreation.

Speaking on the occasion, Mr. Mahesh Aiyer, CEO - Carnation Hotels Private Limited commented, "We are delighted to expand our reach in Mumbai with our valued partner Anmo! Fluid Control Products Private Limited. The city holds immense business and tourism potential, and is a preferred destination especially for business travellers. With our widespread reach, we feel that this hotel will add value to our guests."

Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 60.50 as compared to the previous close of Rs. 58.65. The total number of shares traded during the day was 600930 in over 6846 trades.

The stock hit an intraday high of Rs. 61.40 and intraday low of 59.00. The net turnover during the day was Rs. 36325631.00.

Source : Equity Bulls

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LemonTreeHotels INE970X01018 Malad Mumbai