Lemon Tree Hotels announced two new signings in Maharashtra - Lemon Tree Hotel, Dapoli and Keys Lite by Lemon Tree Hotels, Sylvan, Dapoli. Both the properties are expected to be operational by October 2023 and shall be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary and the management arm of Lemon Tree Hotels Limited.
Lemon Tree Hotel, Dapoli will feature 50 well-appointed rooms, a restaurant, a bar, banquet spaces, a swimming pool, a fitness center and other public areas.
Keys Lite by Lemon Tree Hotels Sylvan will feature 20 well-appointed rooms, a restaurant, banquet lawns, swimming pool, indoor and outdoor games facilities and other public areas.
Both the properties are well connected by both public and private transport to all the major cities in Maharashtra, including Mumbai and Pune.
Dapoli is a popular beach destination in the South Konkan region of Maharashtra. With pristine beaches, historical temples, caves and forts scattered around, Dapoli has something to offer everyone. Dapoli has increasingly become very popular with many tourists from Mumbai and Pune visiting it as a weekend destination, given the accessible distance. Dapoli is also known as the mini-Mahabaleshwar of Maharashtra, owing to its cool climate throughout the year, which makes it a perfect holiday spot.
Speaking on the occasion, Mr. Mahesh Aiyer, CEO, Carnation Hotels Private Limited commented, "We are delighted to announce two hotel signings in Dapoli with our valued partner, PRS Hospitality Infrastructure Development (I) Pvt. Ltd. We already have 8 operational hotels in the state, in Mumbai, Pune and Aurangabad, another 2 upcoming in Mumbai and, now, 2 in Dapoli. We have found that Maharashtra has immense tourism and business potential and are looking at adding more hotels and resorts in the state to our existing portfolio," he further added.
Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 78.33 as compared to the previous close of Rs. 78.80. The total number of shares traded during the day was 130304 in over 1112 trades.
The stock hit an intraday high of Rs. 79.45 and intraday low of 77.82. The net turnover during the day was Rs. 10236495.00.