Lemon Tree Hotels signs new hotel in Akola, Maharashtra

Lemon Tree Hotels Limited, India's fastestgrowing mid-scale and premium hotel chain, today announced the signing of a new hotel in Akola, Maharashtra, further consolidating its presence in one of India's most economically active states. With this addition, the company now has 28 hotels in Maharashtra, comprising 15 operational properties and 13 in the pipeline, including this signing.

The hotel will be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels Limited.

Situated in the Vidarbha region, Akola is a key commercial and agricultural centre, widely recognised for its cotton production and strong trading ecosystem. The city continues to witness steady regional development, supported by infrastructure growth and expanding business activity, positioning it as an important node in Central India's economic landscape.

Under the brand of Keys Prima by Lemon Tree Hotels, Akola will offer 55 wellappointed rooms, a restaurant, banquet hall and conference room, along with recreational amenities including a fitness centre, swimming pool and spa. The hotel is located approximately 265 km from Dr. Babasaheb Ambedkar International Airport and 4.4 km from Akola Junction railway station, ensuring accessibility for corporate travellers, trade visitors and regional transit demand.

Commenting on the development, Mr. Vilas Pawar, CEO - Managed & Franchise Business, Lemon Tree Hotels, said, "Akola's growing commercial relevance within the Vidarbha region makes it a strategic addition to our Maharashtra portfolio. As business activity expands beyond the state's primary metros, we see strong opportunity in emerging regional centres that require quality branded hospitality."

This signing reflects Lemon Tree Hotels continued focus on deepening its presence across Maharashtra's growth corridors, aligning portfolio expansion with evolving business and regional travel demand.

Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 113.60 as compared to the previous close of Rs. 116.75. The total number of shares traded during the day was 261410 in over 3642 trades.

The stock hit an intraday high of Rs. 117.60 and intraday low of 113.05. The net turnover during the day was Rs. 30008454.00.

Source : Equity Bulls

Keywords

LemonTreeHotels INE970X01018 NewHotel Akola Maharashtra