Lemon Tree Hotels signs new property in Barog, Himachal Pradesh

Lemon Tree Hotels Limited, India's fastest-growing mid-scale and premium hotel chain, today announced the signing of a new hotel in Barog, Himachal Pradesh, marking its 10th property in the State. With four operational hotels already in Himachal Pradesh and six additional properties under development, including this signing, the Company continues to strengthen its footprint in one of India's most dynamic travel markets.

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

Nestled in the serene hills of Himachal Pradesh, Barog is a picturesque town known for its lush landscapes, colonial heritage and tranquil environment. Located along the historic Kalka-Shimla route, the destination has steadily gained popularity among leisure travellers seeking weekend getaways and experiential stays within driving distance of North India's major cities.

The upcoming Lemon Tree Hotel, Barog, Himachal Pradesh will feature 49 wellappointed rooms, a restaurant, banquet hall, meeting room, spa, swimming pool and fitness center. The property is designed to cater to leisure travellers, destination events and intimate corporate offsites.

Commenting on the signing, Mr. Neelendra Singh, Managing Director, Lemon Tree Hotels Limited, said, "Himachal Pradesh continues to be a strong leisure market with growing demand for branded hospitality in scenic destinations. Barog's proximity to Chandigarh and its appeal as a peaceful hill retreat makes it an attractive addition to our portfolio. This signing aligns with our strategy of expanding thoughtfully into emerging leisure micro-markets while delivering comfortable and quality experiences."

The hotel is conveniently accessible, located approximately 64 km from Shaheed Bhagat Singh International Airport, Chandigarh, about 53 km from Chandigarh Railway Station, and nearly 32 km from Kalka Railway Station, ensuring seamless connectivity for both regional and interstate guests.

Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 110.45 as compared to the previous close of Rs. 112.40. The total number of shares traded during the day was 187513 in over 3310 trades.

The stock hit an intraday high of Rs. 112.75 and intraday low of 110.10. The net turnover during the day was Rs. 20849830.00.

Source : Equity Bulls

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LemonTreeHotels INE970X01018 NewProperty Barog HimachalPradesh