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Lemon Tree Hotels signs a new property in Lucknow, Uttar Pradesh

Posted On : 2023-07-18 21:11:22( TIMEZONE : IST )

Lemon Tree Hotels signs a new property in Lucknow, Uttar Pradesh

Lemon Tree Hotels announced its latest signing - Lemon Tree Hotel, Gomti Nagar, Lucknow. The property is expected to be operational by Q3 of FY 2026 and shall be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary and the management arm of Lemon Tree Hotels Limited.

The property will feature 72 well-appointed rooms, a banquet, meeting rooms, a restaurant, a bar, a fitness center and other public areas.

Lucknow, the charming city of Nawabs, weaves a rich tapestry of heritage, cultural splendour, and unparalleled grace. Stepping into its streets, one is instantly transported to a bygone era, where regal architecture and intricate artwork adorn every corner. The city's gastronomic delights tantalise the taste buds with aromatic biryanis and kebabs, while its bustling markets offer a vibrant blend of traditional crafts and modern trinkets. With its vibrant festivals, soul-stirring music, and warm-hearted inhabitants, Lucknow encapsulates a unique essence that leaves an indelible mark on the hearts of all who visit.

The city attracts a diverse array of travellers, from history enthusiasts, art and culture lovers to food connoisseurs. Additionally, Lucknow also plays host to business travellers as it is a major center for commerce and government administration in Uttar Pradesh.

The Chaudhary Charan Singh Airport is about 24 kms from the property while the Railway Station is just 11 kms away. The property is connected by both public and private transport from all major cities in India.

This latest signing, with AKM Hospitality Pvt. Ltd, will be the third property of the group in the city including the operational, Lemon Tree Hotel, Lucknow at Transport Nagar and the upcoming, Lemon Tree Premier, Lucknow at Gomti Nagar.

Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 91.90 as compared to the previous close of Rs. 92.69. The total number of shares traded during the day was 133384 in over 785 trades.

The stock hit an intraday high of Rs. 93.00 and intraday low of 91.10. The net turnover during the day was Rs. 12255016.00.

Source : Equity Bulls


LemonTreeHotels INE970X01018 GomtiNagar Lucknow CarnationHotels