Lemon Tree Hotels signs a new property in Madhya Pradesh

Lemon Tree Hotels announces its latest signing - Lemon Tree Premier, Mhow, Madhya Pradesh. The property shall be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited.

Lemon Tree Premier, Mhow, Madhya Pradesh will feature 72 well-appointed rooms, a restaurant, a meeting room, a banquet, a swimming pool, a spa and other public areas. The Indore Airport, the nearest airport, is approximately 30 kms from the property. Indore Railway Station is about 29 kms away from the property. The resort is also well-connected by road, offering easy access to both public and private transport.

Mhow, officially named Dr. Ambedkar Nagar, is a picturesque cantonment town that blends military history, spiritual significance, and natural beauty. It is renowned as the birthplace of Dr. B.R. Ambedkar and this is commemorated by the impressive Bhim Janmabhoomi memorial, attracting both pilgrims and tourists, particularly on Ambedkar Jayanti. The town features stunning natural attractions like the magnificent 91m Patalpani Falls, that becomes particularly enchanting post-monsoon, and peaks such as Janapav Kuti, known for its legendary importance and stunning panoramic vistas.

Speaking on the occasion, Mr. Vilas Pawar, CEO - Managed & Franchise Business, Lemon Tree Hotels commented, "We are thrilled to expand our presence in Madhya Pradesh, complementing our existing portfolio of four operational hotels with six exciting new properties in the pipeline. This strategic investment aligns with the state's emerging role as a hub for wellness, spiritual tourism, and heritage hospitality."

Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 140.35 as compared to the previous close of Rs. 141.30. The total number of shares traded during the day was 50120 in over 649 trades.

The stock hit an intraday high of Rs. 141.95 and intraday low of 139.30. The net turnover during the day was Rs. 7059616.00.

Source : Equity Bulls

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LemonTreeHotels INE970X01018 NewProperty MadhyaPradesh