Lemon Tree Hotels signs a new property in Rajasthan

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

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

Property Highlights

"Lemon Tree Hotel", Pacific Mall, Jaipur is in the vibrant capital of Rajasthan, which is a beautiful blend of royal heritage and colourful culture. Fondly called the Pink City, it is known for its stunning palaces, grand forts, bustling bazaars, and warm hospitality. From the majestic Amber Fort and Hawa Mahal to the lively streets filled with handicrafts, jewellery, and traditional Rajasthani flavours, Jaipur offers a timeless charm that captures the essence of India's regal past while embracing modern energy.

The key features of the hotel will include:

- 124 well-appointed rooms
- A restaurant and a lounge
- A meeting room
- Recreational facility includes a swimming pool and a fitness center

The Jaipur International Airport is approximately 8 kms away from the property, while the Jaipur Railway Station is about 8.4 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 Rajasthan, where we have 12 operational and 9 upcoming properties in addition to this one. The state, with its booming commerce, distinct culture and testament to India's rich heritage, 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. 164.50 as compared to the previous close of Rs. 162.00. The total number of shares traded during the day was 118467 in over 2017 trades.

The stock hit an intraday high of Rs. 164.90 and intraday low of 161.90. The net turnover during the day was Rs. 19406534.00.

Source : Equity Bulls

Keywords

LemonTreeHotels INE970X01018 NewProperty Rajasthan