Lemon Tree Hotels signs a new property in Noida

Lemon Tree Hotels announced its latest signing - Lemon Tree Hotel, Noida. The hotel 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.

A part of the National Capital Region, Noida was established in the late 1970s and has evolved into a thriving hub for IT companies, multinational corporations, and a burgeoning real estate sector. Known for its well-designed infrastructure, wide roads, and modern amenities, Noida has become a preferred destination for businesses and residents alike. The city boasts numerous shopping malls, educational institutions, and recreational spaces, contributing to its dynamic and cosmopolitan atmosphere. With its strategic location near the capital city of New Delhi, Noida has played a pivotal role in the economic growth of the region and continues to attract investments across various sectors Lemon Tree Hotel, Noida will feature 40 well-appointed rooms, a restaurant, a bar, a banquet hall, meeting rooms, and other public areas.

Indira Gandhi International Airport is about 30 kms away, while the Hazrat Nizamuddin Station is just about 12 kms 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 Uttar Pradesh and this opening will be in addition to six existing and four upcoming properties 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. 128.80 as compared to the previous close of Rs. 131.95. The total number of shares traded during the day was 132734 in over 1537 trades.

The stock hit an intraday high of Rs. 133.00 and intraday low of 126.60. The net turnover during the day was Rs. 17115665.00.

Source : Equity Bulls

Keywords

LemonTreeHotels INE970X01018 Noida FY25 CarnationHotels