Lemon Tree Hotels signs a new property in Marpalle in Vikarabad District, Telangana

Lemon Tree Hotels announced its latest signing - Lemon Tree Resort, Marpalle, Telangana. The hotel is expected to open by FY27 and shall be managed by Carnation Hotels Private Limited, a whollyowned subsidiary and the management arm of Lemon Tree Hotels Limited.

Nestled in the Deccan Plateau, Vikarabad district is characterised by a mix of agricultural plains, hills, and dense forests, contributing to its natural beauty. The region is known for its diverse flora and fauna, making it a destination for nature enthusiasts and wildlife lovers.

Vikarabad has historical relevance, with several ancient temples and forts that attract history buffs and tourists alike. Ananthagiri Hills, situated within the district, is a popular destination offering breathtaking views and a serene environment.

Lemon Tree Resort, Marpalle, Telangana will be spread over 5 acres within the 350 acre Supraja Iris Resort Project. It will have 50 rooms including 14 villas of which 5 would be water villas. The resort would feature a restaurant, a bar, a banquet hall, meeting rooms, a swimming pool, a fitness center, and other public areas. It will have large lawns to cater to destination weddings.

The resort will be strategically located behind Woxsen University and is adjacent to the national highway and the proposed Regional Ring Road. The National Investments Manufacturing Zone (NIMZ) is in proximity as are several manufacturing units. It is 20 minutes away from IIT Hyderabad while the Rajeev Gandhi International Airport, Hyderabad is about 90 kms away. The Zahirabad Railway Station is at a 25 minutes driving distance while the Vikarabad Railway Station is about 50 minutes away from the hotel. The hotel is also well connected by roadways for both public and private transport.

Lemon Tree Hotels is expanding its portfolio in Telangana and this opening will be in addition to four existing and one upcoming property in the state which has several tourist attractions that showcase its historical and religious significance.

Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 131.95 as compared to the previous close of Rs. 136.35. The total number of shares traded during the day was 298226 in over 5223 trades.

The stock hit an intraday high of Rs. 136.90 and intraday low of 131.30. The net turnover during the day was Rs. 39698454.00.

Source : Equity Bulls

Keywords

LemonTreeHotels INE970X01018 NewProperty Marpalle VikarabadDistrict Telangana