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

Lemon Tree Hotels is proud to announce the signing of its newest property, Lemon Tree Hotel, Civil Lines, Ayodhya. The property is expected to open in FY 2028 and shall be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited.

Ayodhya, a city steeped in divine history, is a cornerstone of the Hindu faith, located in Uttar Pradesh, India. As the birthplace of Lord Ram, one of Hinduism's most revered deities, Ayodhya holds immense spiritual significance. The city's sacred temples and rituals are deeply rooted in tradition, making it a captivating destination for pilgrims and travellers seeking a profound connection to India's rich heritage.

Lemon Tree Hotel, Civil Lines, Ayodhya will feature 80 well-appointed rooms, a restaurant, a rooftop lounge bar, a swimming pool, a fitness center, banquet halls and other public areas. The Maharshi Valmiki International Airport Ayodhya Dham is approximately 5.6 kilometres away while the Ayodhya railway station is 7.3 km. The hotel is well connected by roadways for both public and private transport.

Speaking on the occasion, Mr. Vilas Pawar, CEO - Managed & Franchise Business, Lemon Tree Hotels, remarked, "In recent years, spiritual destinations have seen a marked uptick in the number of visitors and Ayodhya features high on the must-visit list for pilgrims. The city holds immense spiritual and cultural significance in Uttar Pradesh and we are thrilled to expand our presence in the city." This opening will be in addition to our seven existing and six upcoming hotels in the state.

Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 132.90 as compared to the previous close of Rs. 131.85. The total number of shares traded during the day was 376817 in over 4025 trades.

The stock hit an intraday high of Rs. 134.30 and intraday low of 130.65. The net turnover during the day was Rs. 49961119.00.

Source : Equity Bulls

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LemonTreeHotels INE970X01018 NewProperty CivilLines Ayodhya