Lemon Tree Hotels signs two new properties, one each in Uttar Pradesh and Madhya Pradesh

Lemon Tree Hotels announces the signing of two new properties - Keys Prima by Lemon Tree Hotels, Varanasi and Keys Select by Lemon Tree Hotels, Rewa.

Keys Prima by Lemon Tree Hotels, Varanasi will be franchised under Lemon Tree Hotels Limited and will feature 153 well-appointed rooms. Additionally, it will feature a restaurant, banquets, a conference room, a swimming pool, a fitness center and a spa along with other public areas. The Lal Bahadur Shastri International Airport, Varanasi is approximately 31 kms away from the property, while the Varanasi Railway Junction is about 12 kms away. The hotel is well connected by roadways for both public and private transport.

Keys Select by Lemon Tree Hotels, Rewa will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited. It will feature 50 well-appointed rooms, two restaurants, a banquet hall, a swimming pool, along with other public areas. The Rewa Airport is approximately 19 kms away from the property, while the Rewa Railway Station is about 13 kms away. The hotel is well connected by roadways for both public and private transport.

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 the Hindi heartland of Uttar Pradesh and Madhya Pradesh. While expanding its footprint across the country in cities of all tiers, this signing by Lemon Tree Hotels perfectly aligns with the company's vision of becoming the most preferred hospitality chain across different segments."

Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 171.05 as compared to the previous close of Rs. 169.60. The total number of shares traded during the day was 184718 in over 2799 trades.

The stock hit an intraday high of Rs. 171.65 and intraday low of 168.55. The net turnover during the day was Rs. 31449886.00.

Source : Equity Bulls

Keywords

LemonTreeHotels INE970X01018 TwoNewProperties KeysPrima Varanasi KeysSelect Rewa