Lemon Tree Hotels signs a new property in Gujarat

Lemon Tree Hotels Limited, India's fastest-growing mid-scale and premium hotel chain, today announced the signing of its latest property, Lemon Tree Hotel, Gandhidham.

This property shall be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited, and further strengthens the company's presence in Gujarat, while catering to both religious and leisure travellers for a fresh, vibrant, and value-driven experience.

Property Highlights

Lemon Tree Hotel, Gandhidham is the largest and most populous city in Kutch district of Gujarat. The city is close to the Kandla Port, one of India's major ports, making it an important commercial and industrial hub. Known for its organised layout and growing infrastructure, Gandhidham is a key centre for trade, logistics, and manufacturing in western India.

The key features of the hotel will include:

- 54 well-appointed rooms
- A restaurant
- A banquet hall
- Recreational facility includes a swimming pool and a spa

The Kandla Airport is approximately 13 kms away from the property, while the Gandhidham Railway Station is about 12 kms away. The hotel is 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, "With this signing, we will expand our business & leisure portfolio in Gujarat, a state where we have nine operational and 19 upcoming properties in addition to this one. While expanding its footprint across the country in cities of all tiers, this signing by Lemon Tree Hotels perfectly aligns with the company's vision of offering refreshing and comfortable stays across all destinations."

Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 161.60 as compared to the previous close of Rs. 165.85. The total number of shares traded during the day was 218675 in over 3648 trades.

The stock hit an intraday high of Rs. 165.90 and intraday low of 161.10. The net turnover during the day was Rs. 35560275.00.

Source : Equity Bulls

Keywords

LemonTreeHotels INE970X01018 NewProperty Gujarat