Lemon Tree Hotels signs new property in Madhya Pradesh

Lemon Tree Hotels announces its latest signing Lemon Tree Resort, Limbodagari, Madhya Pradesh. The property shall be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited.

Lemon Tree Resort, Limbodagari, Madhya Pradesh will feature 60 well-appointed rooms, a restaurant, a banquet, a swimming pool, a fitness center, a spa and other public areas. Devi Ahilyabai Holkar Airport (Indore Airport) is approx. 9.4 kms away from the property. Indore Railway Station is approx. 9.3 kms from the property. The resort is also well-connected by road, offering easy access to both public and private transport. It is located near the Super Corridor and has key IT hubs nearby.

Limbodagari, located in Hatod tehsil of Indore district, is emerging as a key location for the city's Super Corridor, a 12 km long modern arcade dotted with premium residential and business projects. Limbodagari, 14 km from Indore, stands to benefit from the city's expanding urban infrastructure. While maintaining its rural character, Limbodagari offers a unique blend of traditional lifestyle and access to modern urban amenities, positioning it as a perfect retreat.

Speaking on the occasion, Mr. Vilas Pawar, CEO - Managed & Franchise Business, Lemon Tree Hotels commented, "We are delighted to announce the expansion of our portfolio in Madhya Pradesh - the heart of India. Lemon Tree Hotels is expanding its presence across the countries in cities across all tiers to become the most preferred hospitality chain across different segments. This opening will be in addition to our four existing and seven upcoming hotels in Madhya Pradesh."

Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 133.45 as compared to the previous close of Rs. 136.15. The total number of shares traded during the day was 30208 in over 649 trades.

The stock hit an intraday high of Rs. 136.85 and intraday low of 133.15. The net turnover during the day was Rs. 4079613.00.

Source : Equity Bulls

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LemonTreeHotels INE970X01018 NewProperty MadhyaPradesh