Lemon Tree Hotels Ltd signs new hotel at Ahilyanagar in Maharashtra

Lemon Tree Hotels Limited, India's largest mid-priced hotel chain, today announced the signing of Lemon Tree Hotel, Ahilyanagar in Maharashtra. This signing marks a significant milestone, bringing the Company's total portfolio in Maharashtra to 30 properties, comprising 15 operational hotels and 15 in the pipeline, underscoring a concerted expansion into high-growth urban markets.

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

As a trusted Indian brand, Lemon Tree Hotels continues to prioritize Maharashtra as a cornerstone of its domestic growth strategy. The expansion into Ahilyanagar recognizes the city's unique dual identity, as a growing hub for corporate and defence-related travel, and as a key transit gateway within Maharashtra. By providing premium, reliable accommodation, this property is uniquely positioned to cater to both the business professional and the discerning traveller in transit to pilgrimage destinations like Shirdi and Shani Shingnapur.

The upcoming property will feature 95 well-appointed rooms, along with a restaurant, banquet hall, meeting room and other recreational amenities including a swimming pool, spa and fitness centre.

Commenting on the signing, Mr. Vishvapreet Cheema, President, Lemon Tree Hotels Ltd., said: "Reaching the 30-property milestone in Maharashtra is a significant achievement for us. Ahilyanagar represents exactly the kind of high-potential regional hub where we see long-term value, a city that bridges the gap between industrial growth and the state's massive spiritual tourism circuit. Our goal is to bring a new standard of branded hospitality to this route, ensuring a seamless and refreshingly different experience for every guest. This expansion further strengthens Lemon Tree Hotel's presence across India's key travel and economic corridors."

Located approximately 8 km from Ahilyanagar Railway Station and 119 km from Pune International Airport, the hotel offers convenient access for travellers across key routes connecting Pune, Aurangabad, and nearby pilgrimage destinations.

With this signing, Lemon Tree Hotels continues to build a more connected and diversified portfolio, aligned with evolving travel patterns across business and emerging destinations in India.

Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 120.80 as compared to the previous close of Rs. 121.60. The total number of shares traded during the day was 205320 in over 2044 trades.

The stock hit an intraday high of Rs. 122.00 and intraday low of 119.25. The net turnover during the day was Rs. 24746720.00.

Source : Equity Bulls

Keywords

LemonTreeHotels INE970X01018 NewProperty Ahilyanagar Maharashtra