Lemon Tree Hotels signs a new property in Maharashtra

Lemon Tree Hotels Limited, India's fastest-growing mid-scale and premium hotel chain, today announced the signing of its latest property, Lemon Tree Resort, Saj by the Mountain, Mahabaleshwar.

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

Property Highlights

Lemon Tree Resort, Saj by the Mountain, Mahabaleshwar is in the charming hill station known for its lush green valleys, strawberry farms, and breathtaking viewpoints. Famous for attractions like Arthur's Seat, Kate's Point, and Elephant's Head Point. Visitors can go boating at the Venna Lake, visit the Pratapgadh Fort, built on a hilltop in the 1650s and head to the Lingmala Waterfall for scenic views. The town offers a perfect mix of natural beauty and colonial charm. With its pleasant climate, serene landscapes, and winding roads lined with dense forests, Mahabaleshwar is as an ideal getaway for nature lovers, honeymooners, and families looking for a peaceful retreat.

The key features of the hotel will include:

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

The Pune International Airport is approximately 147 kms away from the property, while the Pune Railway Station is about 160 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 leisure portfolio in Maharashtra, a state where we have 15 operational and 11 upcoming properties in addition to this one. While expanding its footprint across the country across 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. 166.15 as compared to the previous close of Rs. 163.60. The total number of shares traded during the day was 187762 in over 2619 trades.

The stock hit an intraday high of Rs. 167.00 and intraday low of 164.00. The net turnover during the day was Rs. 31136419.00.

Source : Equity Bulls

Keywords

LemonTreeHotels INE970X01018 NewProperty Maharashtra