Lemon Tree Hotels signs a new property in Jamnagar, Gujarat

Lemon Tree Hotels announced its latest signing - Lemon Tree Hotel,Jamnagar, Gujarat. The property is expected to open by FY25 and shall be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary and the management arm of Lemon Tree Hotels Limited.

Located on the coast of Gulf of Kutch, Jamnagar, the largest city in the western region of India is brimming with ornate buildings, a pristine coastal region and picturesque lakes. The city is a mix of ancient sites and natural beauty, with a dash of breathtaking sites thrown in. From lakes to places to gardens to museums, Jamnagar has a lot to offer to tourists. The major tourist attractions are Khijadia Bird Sanctuary, Lakhota Talav, Marine National Park, Darbargadh, Lakhota Museum, Bedi Port, Balachari Beach, Bala Hanuman Temple, Pirotan Island.

Lemon Tree Hotel, Jamnagar, Gujarat will feature 60 well-appointed rooms, restaurants, a fitness center, a conference room and other public areas. The Rajkot airport is about 101 kms from the property while the Jamnagar Junction Railway Station is about 5 kms away. The hotel is also well connected by roadways for both public and private transport.

Speaking on the occasion, Mr. Vikramjit Singh, President, Lemon Tree Hotels commented, "We are delighted to announce the expansion of our portfolio in Gujarat with our valued partner M/s Hotel Fortune Palace. We plan to expand our portfolio in all directions including in tier II, III and IV cities in different states. This opening will be in addition to our six existing and four upcoming hotels and resorts in the state and we are looking to expand our footprint in Gujarat further."

Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 118.80 as compared to the previous close of Rs. 117.90. The total number of shares traded during the day was 779261 in over 7069 trades.

The stock hit an intraday high of Rs. 121.50 and intraday low of 118.30. The net turnover during the day was Rs. 93301651.00.

Source : Equity Bulls

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LemonTreeHotels INE970X01018 NewProperty Jamnagar Gujarat