Lemon Tree Hotels launches its 15th property in Maharashtra with Lemon Tree Premier, Navi Mumbai

Lemon Tree Hotels Limited, India's fastestgrowing mid-scale and premium hotel chain, today announced the opening of its latest property, Lemon Tree Premier, Navi Mumbai.

This managed hotel features 67 well-appointed rooms that delight guests with impeccably clean interiors, efficient service and an affordable value proposition. It also has a multi-cuisine coffee shop - Citrus Café - along with a banquet, a meeting room, a spa, salon, swimming pool and a well-equipped fitness center to keep you feeling fresh-as-a-lemon. With this opening, the company also marks the milestone of Lemon Tree's operational inventory reaching 11,000 rooms.

Vashi, located along the prestigious Palm Beach Road in Navi Mumbai, is a bustling commercial and residential hub. Known for its vibrant mix of corporate offices, shopping centers, and entertainment avenues, it is one of the most well-planned nodes of the city. The area enjoys excellent connectivity to Mumbai and Thane, making it a preferred destination for business travellers. With landmarks such as IKEA, Navi Mumbai, DY Patil Stadium, CIDCO Exhibition Centre and Millennium Business Park nearby, Vashi seamlessly blends business, lifestyle, and leisure in a thriving urban setting.

Commenting on the opening Vishvapreet Singh Cheema, President, Lemon Tree Hotels said, "This vibrant hotel is in the proximity of places like DY Patil Stadium, which plays host to sports events as well as music concerts and other events. The opening, 15th in Maharashtra aligns with our vision of being the largest and most preferred Indian chain of upscale, upper-midscale, midscale and economy hotels and resorts."

Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 166.35 as compared to the previous close of Rs. 166.25. The total number of shares traded during the day was 50528 in over 1012 trades.

The stock hit an intraday high of Rs. 169.75 and intraday low of 165.30. The net turnover during the day was Rs. 8406434.00.

Source : Equity Bulls

Keywords

LemonTreeHotels INE970X01018 15thProperty Maharashtra LemonTreePremier NaviMumbai