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Lemon Tree Hotels signs a new property in Mashobra, Shimla

Posted On : 2023-09-07 00:10:13( TIMEZONE : IST )

Lemon Tree Hotels signs a new property in Mashobra, Shimla

Lemon Tree Hotels announced its latest signing - Lemon Tree Hotel, Mashobra. The property is expected to be operational by Q1 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.

Located near Shimla at the Hindustan-Tibet road, Mashobra is a quaint hill town known for its sprawling apple orchards, trekking trails, dense forests of deodars, pines and rhododendrons, and the tastiest of jams and pickles. It also houses the official summer residence of the President of India, and is known for its peaceful and serene ambiance, blissful weather, gorgeous views, and unmissable charm. It is also close to the Reserve Forest Sanctuary with an abundance of birds including pheasants, Himalayan eagles, chikors, and partridges along with many animals that call this place their home including, monkeys, barking deer, hyenas and more.

Lemon Tree Hotel, Mashobra will feature 48 well-appointed rooms, a restaurant, a bar, a banquet hall, a swimming pool, meeting rooms and other public areas. Shaheed Bhagat Singh International Airport, Chandigarh is about 135 kms from the property while Kalka Railway Station is about 98 kms away. The hotel is also well connected by roadways for both public and private transport.

This latest signing with Alyvia Hospitality Management Services in Mashobra is an addition to the two operational hotels and four upcoming properties in Himachal Pradesh.

Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 108.50 as compared to the previous close of Rs. 106.10. The total number of shares traded during the day was 2785896 in over 6949 trades.

The stock hit an intraday high of Rs. 109.45 and intraday low of 105.50. The net turnover during the day was Rs. 300461955.00.

Source : Equity Bulls


LemonTreeHotels INE970X01018 NewProperty Mashobra Shimla