Lemon Tree Hotels signs new property in Itanagar, Arunachal Pradesh

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

Lemon Tree Hotel, Itanagar will feature 70 well-appointed rooms, a restaurant, a bar, a banquet, a meeting room, a swimming pool, a gym, a spa and other public areas. The Donyi Polo Airport, Itanagar is approx. 25 kms away from the property. Naharlagun (Itanagar) Railway Station is approx. 12 kms from the property. The hotel is also well-connected by road, offering easy access to both public and private transport.

Itanagar, the capital and largest town of Arunachal Pradesh derives its name from Itafort, 'the fort of bricks' situated in the heart of the city. The irregular-shaped fort dating back to the 14th-15th century was built by Mayapur of Ramachandra, a king of the Jitari Dynasty. It is one of the most important historical sites in the state. Other places of interest include Jawaharlal Nehru Museum, Itanagar which showcases the rich tribal culture of the state. Visitors also frequent the Gekar Sinyi (Ganga Lake), a beautiful natural lake for picnics and recreation.

Speaking on the occasion, Mr. Vilas Pawar, CEO - Managed & Franchise Business, Lemon Tree Hotels commented, "We are excited to expand further in the eastern part of the country. This signing marks a significant milestone in our growth journey, as it will be our first property in Arunachal Pradesh. It will further strengthen our expanding portfolio."

Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 138.55 as compared to the previous close of Rs. 137.85. The total number of shares traded during the day was 150787 in over 1959 trades.

The stock hit an intraday high of Rs. 139.00 and intraday low of 134.10. The net turnover during the day was Rs. 20691366.00.

Source : Equity Bulls

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LemonTreeHotels INE970X01018 NewProperty Itanagar ArunachalPradesh