Lemon Tree Hotels signs a new hotel in Mukteshwar in Uttarakhand

Lemon Tree Hotels Limited announced its latest hotel signing - Lemon Tree Hotel, Mukteshwar, in Uttarakhand. This hotel is expected to open in July 2022. The property is owned by M/s The Alpine Chalet Resort, and shall be managed by Carnation Hotels Private Limited, a subsidiary and management arm of Lemon Tree Hotels Ltd.

Nestled amidst the majestic hills and lush greenery, Mukteshwar is a hill station suburb of Nainital. It derives its name from the 350-year-old temple, Mukteshwar Dham, whose residing deity is Lord Shiva. Mukteshwar Is also a wonderful trekking location with fruit orchards, coniferous forests, lush green pathways, and narrow lanes, it is a nature lover's paradise that attracts throngs of tourists all year round. One side of the destination is covered by dense forests and the other side features a stunning view of the enchanting valleys.

Located in the Nainital district, this property will feature 41 well-appointed rooms and suites, complemented by a multi-cuisine restaurant and a bar. It will also have a conference room, and a swimming pool, spa and a fitness centre for recreation.

Speaking on the occasion, Mr. Vikramjit Singh, President - Lemon Tree Hotels Limited commented, "We are delighted to expand our reach in Uttarakhand with our valued partner M/s The Alpine Chalet Resort. This state holds immense business and tourism potential, and is a preferred destination for travellers. With our widespread reach, we feel that this hotel will add value to our customers."

Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 50.10 as compared to the previous close of Rs. 49.55. The total number of shares traded during the day was 322673 in over 2815 trades.

The stock hit an intraday high of Rs. 50.50 and intraday low of 48.60. The net turnover during the day was Rs. 16005845.00.

Source : Equity Bulls

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LemonTreeHotels INE970X01018 Mukteshwar Uttarakhand