Lemon Tree Hotels signs a new property in Maharashtra

Lemon Tree Hotels announces its latest signing - Keys Select by Lemon Tree Hotels, Pali, Maharashtra. The property, which shall be franchised under Lemon Tree Hotels Limited, is expected to start operations in FY-26.

Raigad district of Maharashtra is home to the small town of Pali. Known for its historical significance and natural beauty, it is located close to the Western Ghats. Palis is known for the Ballaleshwar Ganapati Temple, one of the Ashtavinayak temples devoted to Lord Ganesha. The town is popular with nature enthusiasts and travellers who like trekking and outdoor pursuits as there are are several trekking routes around Pali. One trek leads to the Sarasgad Fort and the other to Sudhagad Fort which is about 10 km away. The Sudhagad trek ends at a temple dedicated to a local goddess called 'Bhorai'.

Keys Select by Lemon Tree Hotels, Pali, Maharashtra will feature 54 well-appointed rooms, a restaurant, a banquet, a bar, a swimming pool, and other public areas. Th Chhatrapati Shivaji Maharaj International Airport, the nearest airport, is approximately 98 kms from the property. Mumbai Central Railway Station is about 97 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 Maharashtra, complementing our portfolio of 12 existing hotels and seven upcoming properties. This signing marks our milestone of signing 50th hotel in FY 2025, significantly boosting our visibility and reinforcing our commitment to growth."

Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 128.50 as compared to the previous close of Rs. 130.50. The total number of shares traded during the day was 182330 in over 1943 trades.

The stock hit an intraday high of Rs. 132.15 and intraday low of 127.75. The net turnover during the day was Rs. 23521735.00.

Source : Equity Bulls

Keywords

LemonTreeHotels INE970X01018 KeysSelect Pali Maharashtra