Lemon Tree Hotels signs a new property in Rajasthan

Lemon Tree Hotels announces its latest signing - Lemon Tree Resort, Mori Bera, Rajasthan. The property shall be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited, and is expected to start operations in FY27.

Lemon Tree Resort, Mori Bera, Rajasthan will feature 17 well-appointed rooms, a restaurant, a bar, a swimming pool, a spa, Jacuzzis and other public areas. The Udaipur Airport, the nearest airport, is approximately 150 kms from the property. Mori Bera railway station is about 2.7 kms away from the property. The resort is also well-connected by road, offering easy access to both public and private transport.

Mori Bera in Rajasthan is a part of what is called the 'Leopard Country' and showcases the unique coexistence of wildlife and local communities. It's especially famous for leopard sightings in the wild, making it a popular destination for nature lovers and wildlife photographers. The tranquil Jawai Dam, close by, adds to the region's charm offering picturesque views and birdwatching opportunities.

Speaking on the occasion, Mr. Vilas Pawar, CEO - Managed & Franchise Business, Lemon Tree Hotels commented, "We are excited to strengthen our footprint in Rajasthan complementing our portfolio of 10 operational and seven upcoming hotels. Moreover, this signing further expands our wildlife portfolio - a segment that has been growing exponentially over the years."

Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 142.30 as compared to the previous close of Rs. 139.70. The total number of shares traded during the day was 125364 in over 1338 trades.

The stock hit an intraday high of Rs. 144.10 and intraday low of 139.80. The net turnover during the day was Rs. 17879701.00.

Source : Equity Bulls

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