Lemon Tree Hotels signs a new property in Gujarat

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

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 Gujarat, while catering to both business and leisure travellers for a fresh, vibrant, and value-driven experience.

Property Highlights

Lemon Tree Hotel, Bhavnagar, Gujarat is in the historic coastal city in the Saurashtra region of Gujarat. Bhavnagar was once the capital of a princely state and has long been known for its vibrant trade, culture, and maritime connections. The city blends tradition with modernity - from heritage sites like Takhteshwar Temple and Nilambag Palace to bustling markets and growing industries. Bhavnagar also serves as a gateway to the famous Blackbuck National Park in Velavadar, making it a charming mix of history, commerce, and natural beauty.

The key features of the hotel will include:

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

The Rajkot International Airport is approximately 217 kms away from the property, while the Bhavnagar Railway Station is about 6 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 and business portfolio in Gujarat, a state where we have 10 operational and 18 upcoming properties in addition to this one. The state, with its booming commerce, distinct culture and unique geography with a long coastline, is the perfect destination for hospitality. 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. 168.00 as compared to the previous close of Rs. 168.25. The total number of shares traded during the day was 39737 in over 768 trades.

The stock hit an intraday high of Rs. 169.00 and intraday low of 167.00. The net turnover during the day was Rs. 6671301.00.

Source : Equity Bulls

Keywords

LemonTreeHotels INE970X01018 NewProperty Gujarat