Lemon Tree Hotels signs a new hotel in Manali

Lemon Tree Hotels announced its latest signing of a franchised hotel - Lemon Tree Hotel, Manali, Himachal Pradesh. The property, which shall be franchised by Lemon Tree Hotels Limited, is expected to open in June 2023.

This property will feature 34 well-appointed rooms, two restaurants, a bar, a meeting room, a recreational room and a fitness center. The Bhuntar Airport is about 37 kms from the property while the main town of Manali is just 11 kms away.

Speaking on the occasion, Mr. Vilas Pawar, CEO - Franchise Business, Lemon Tree Hotels commented, "We are extremely happy to announce our latest addition to our portfolio with our valued partner Span Motels Pvt. Ltd. We are expanding our footprint across the country, andthe signing of this hotel is in line with Lemon Tree Hotels' vision of strengthening our presence in key domestic markets."

The magical hill station of Manali, at the northern end of Kullu Valley in Himachal Pradesh, has evolved as a much-loved destination for young and old alike. With its ambient cafes, small eateries and convenient shops, Old Manali holds a quaint appeal for travellers. Apart from vacations and workations, Manali is a must-visit for trekkers and an important pit-stop for bikers heading to Ladakh.

Solang Valley, at a distance of 13 kms, is one of the most popular tourist destinations in Himachal Pradesh. During winter, its snow-covered slopes attract skiers from across the globe. At 2,050 metres above sa level, it is also the ultimate location for paragliding, with its beautiful green valleys, stark blue skies, and snow-capped mountain peaks.

Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 75.15 as compared to the previous close of Rs. 76.95. The total number of shares traded during the day was 217856 in over 2706 trades.

The stock hit an intraday high of Rs. 77.50 and intraday low of 74.80. The net turnover during the day was Rs. 16479650.00.

Source : Equity Bulls

Keywords

LemonTreeHotels INE970X01018 FranchiseHotel Manali HimachalPradesh