Lemon Tree Hotels signs a new property in Anjar, Gujarat

Lemon Tree Hotels announced its latest signing - Keys Select by Lemon Tree Hotels, Anjar. The property, which will be franchised by Lemon Tree Hotels Limited, is expected to open in FY27.

Anjar is a town in the Kutch district of Gujarat, India and has a rich historical and cultural heritage. The town has several temples, mosques, and other historical structures that reflect its cultural diversity. Anjar's economy is primarily based on agriculture and trade and the city is known for its marketplaces where various goods are bought and sold.

Keys Select by Lemon Tree Hotels, Anjar will feature 61 well-appointed rooms, restaurant, a fitness center, a lounge, banqueting facilities, meeting rooms and other public areas.

The Bhuj Airport is about 42 kms away, while the Anjar railway station is just 3 kms away from the hotel. Moreover, the city enjoys excellent connectivity by road and is in close proximity to Rann of Kutch, Bhuj and Gandhidham. It is just 15 kms away from Gandhidham, the economic capital of Gujarat.

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 Gujarat. This opening will be in addition to our six existing and six upcoming hotels and resorts in the state. The rich culture and state's pro-business policies, infrastructure development and strategic location are a great draw for business and leisure travellers."

Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 134.05 as compared to the previous close of Rs. 134.50. The total number of shares traded during the day was 197578 in over 3569 trades.

The stock hit an intraday high of Rs. 135.95 and intraday low of 133.75. The net turnover during the day was Rs. 26593899.00.

Source : Equity Bulls

Keywords

LemonTreeHotels INE970X01018 NewProperty Anjar Gujarat