Lemon Tree Hotels signs a new property in Meerut, Uttar Pradesh

Lemon Tree Hotels announced its latest signing - Lemon Tree Hotel, Meerut. The property, which will be franchised by Lemon Tree Hotels Limited, is expected to open in FY25.

Nestled in the heart of Uttar Pradesh, Meerut pulsates with a vibrant energy, weaving a captivating tapestry of ancient history, military spirit, and modern-day charm. It's also a thriving hub for two distinct yet fascinating industries: sports goods and musical instruments. From towering Mughal gateways to bustling bazaars, and serene temples to modern cafes, Meerut offers a plethora of experiences that leave you mesmerised.

Lemon Tree Hotel, Meerut will feature 75 well-appointed rooms, restaurants, a fitness center, a swimming pool, a spa, outdoor and indoor banqueting facilities, conference rooms and other public areas.

Indira Gandhi International Airport, New Delhi is 90 kms away, while the Meerut railway station is 11 kms away from the hotel. Moreover, the city enjoys excellent connectivity by road through the National Expressway 3 as well as railways with Delhi NCR. The under-construction Delhi Meerut RapidX, a Regional Rapid Transport System (RRTS), will further reduce travel time to Meerut from the capital.

Speaking on the occasion, Mr. Vilas Pawar, CEO - Franchise Business, Lemon Tree Hotels commented, "We are pleased to announce the expansion of our portfolio in Uttar Pradesh. This opening will be in addition to our six existing and three upcoming hotels and resorts in the state. The state's rich culture and manufacturing industries are a great draw for business and leisure travellers."

Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 127.50 as compared to the previous close of Rs. 129.35. The total number of shares traded during the day was 482492 in over 5236 trades.

The stock hit an intraday high of Rs. 130.55 and intraday low of 126.15. The net turnover during the day was Rs. 62086092.00.

Source : Equity Bulls

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LemonTreeHotels INE970X01018 NewProperty Meerut UttarPradesh