Lemon Tree Hotels signs a new property in Pavagadh

Lemon Tree Hotels announced its latest signing - Lemon Tree Resort, Pavagadh, Gujarat. The property, which shall be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited, is expected to open in FY 2027.

Pavagadh, a hill station in Gujarat, is a captivating blend of spirituality and history. The Kalika Mata Temple, dedicated to goddess Kali, the oldest in the area, dating from the 10th-11th centuries and has been attracting devotees from historical times. The Champaner-Pavagadh Archaeological Park, a UNESCO World Heritage Site, showcases a diverse range of architectural marvels, including monuments, forts, mosques, tombs, arches, and step-wells from the 8th to 14th century, highlighting the region's rich cultural tapestry.

Lemon Tree Resort, Pavagadh, Gujarat will feature 44 well-appointed rooms, a restaurant, a banquet, a meeting room, a swimming pool, a spa and other public areas. Vadodara Airport is approximately 36.4 kms while the Vadodara Railway Station is 42.5 kms from the property. The hotel is also well-connected by road, making it accessible by both public and private transport.

Mr. Vilas Pawar, CEO - Managed & Franchise Business, Lemon Tree Hotels said, "We are thrilled to announce our further expansion in Gujarat. This new addition will complement our 7 existing and 12 upcoming properties in the state, further enhancing our commitment to providing exceptional hospitality and experiences in this 'Jewel of Western India'.

Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 135.10 as compared to the previous close of Rs. 132.90. The total number of shares traded during the day was 395072 in over 5233 trades.

The stock hit an intraday high of Rs. 135.55 and intraday low of 133.10. The net turnover during the day was Rs. 53149542.00.

Source : Equity Bulls

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