Lemon Tree Hotels signs a new property in Mumbai

Lemon Tree Hotels announced its latest signing - Lemon Tree Hotel, Mira Road, Mumbai. The property, which shall be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited, is expected to open in FY 2026.

Mumbai, India's dynamic metropolis and financial epicentre, is celebrated for its rich cultural tapestry, iconic landmarks, and energetic pace of life. As a cultural melting pot, it attracts individuals from across India and around the globe, all driven by their aspirations. The city is a major commercial hub with soaring skyscrapers and vibrant markets. Amidst this bustle, Mira Road stands out as a growing suburb that offers a mix of residential and commercial areas, complete with amenities like shopping malls, schools, and hospitals. While still developing, Mira Road is gaining popularity due to its connectivity to Mumbai and its relatively lower cost of living compared to the city center.

Lemon Tree Hotel, Mira Road, Mumbai will feature 108 well-appointed rooms, a restaurant, a bar, a meeting room, a swimming pool and a spa. The Chhatrapati Shivaji Maharaj International Airport is about 31 kms from the property while Borivali Railway Station is 13 kms away. The hotel is also well connected by roadways for both public and private transport.

Speaking on the occasion, Mr. Vilas Pawar, CEO - Managed & Franchise Business, Lemon Tree Hotels commented, "We are excited to share the expansion of our portfolio in Mumbai where we have five existing properties across upscale to midscale brands. This addition will complement our existing twelve hotels and two upcoming properties in Maharashtra.

Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 130.75 as compared to the previous close of Rs. 129.35. The total number of shares traded during the day was 87141 in over 1104 trades.

The stock hit an intraday high of Rs. 132.90 and intraday low of 130.50. The net turnover during the day was Rs. 11473182.00.

Source : Equity Bulls

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LemonTreeHotels INE970X01018 NewProperty Mumbai