Lemon Tree Hotels signs a new property in Bokaro

Lemon Tree Hotels announces its latest signing - Keys Select by Lemon Tree Hotels, Bokaro. The property shall be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited, and will open in FY27.

Bokaro, one of the major industrial hubs in the on the Chota Nagpur Plateau, is known for the Bokaro Steel Plant. It is one of the largest steel plants in India and plays a significant role in the city's economy. The city has a mix of industrial, urban, and rural areas, with a focus on heavy industries and manufacturing.

Keys Select by Lemon Tree Hotels, Bokaro will feature 50 well-appointed rooms, a restaurant, Banquets, meeting rooms, a rooftop bar, a fitness center, a swimming pool and other public areas. Birsa Munda Airport in Ranchi, the nearest airport, is approximately 117 kms from the property. Bokaro Steel City Railway Station is about 16 kms away from the property. The hotel is also well-connected by road, offering easy access to both public and private transport.

Speaking on the occasion, Mr. Vilas Pawar, CEO - Managed & Franchise Business, Lemon Tree Hotels commented, "We are thrilled to expand our presence in Jharkhand complementing our portfolio of one existing hotel and three upcoming properties."

Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 128.65 as compared to the previous close of Rs. 127.55. The total number of shares traded during the day was 142352 in over 1794 trades.

The stock hit an intraday high of Rs. 129.10 and intraday low of 126.65. The net turnover during the day was Rs. 18233971.00.

Source : Equity Bulls

Keywords

LemonTreeHotels INE970X01018 KeysSelect Bokaro