Lemon Tree Hotels signs a new property in Maharashtra

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

Lemon Tree Suites, Nashik will feature 135 well-appointed suites, a restaurant, a lounge, a banquet, a meeting room, a swimming pool, a fitness center, a spa and other public areas. The Nashik International Airport, is approximately 27 kms away from the property while the Nashik Railway Station is about 12 kms away. The hotel is well connected by roadways for both public and private transport.

Nashik, on the banks of the River Godavari, is renowned as a holy city with deeprooted connections to Hindu mythology. It boasts sacred sites like Panchavati and Ram Kund, drawing devotees from far and wide. It is also the site for the Kumbh Mela, which takes place once in 12 years. Beyond its spiritual significance, Nashik is dubbed as the Napa Valley of India and the 'Wine Capital of India' as more than half of India's vineyards and wineries are located here. The city contributes significantly to India's economy through its robust wine industry and agricultural produce. With its rich cultural tapestry, historical landmarks, and scenic beauty, Nashik offers a diverse and enriching experience for visitors seeking a spiritual retreat or an exploration of Maharashtra's vibrant heartland.

Speaking on the occasion, Mr. Vilas Pawar, CEO - Managed & Franchise Business, Lemon Tree Hotels commented, "We are delighted to expand our footprint in Maharashtra. The launch of this new property not only reinforces our presence in Maharashtra, where we already operate 14 hotels and have six more in the pipeline, but also aligns with our broader strategy for sustained growth across key markets."

Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 138.15 as compared to the previous close of Rs. 138.70. The total number of shares traded during the day was 72346 in over 681 trades.

The stock hit an intraday high of Rs. 140.30 and intraday low of 137.25. The net turnover during the day was Rs. 10029782.00.

Source : Equity Bulls

Keywords

LemonTreeHotels INE970X01018 NewProperty LemonTreeSuites Nashik