Lemon Tree Hotels signs a new property in Maharashtra

Lemon Tree Hotels Limited, India's fastestgrowing mid-scale and premium hotel chain, today announced the signing of its latest property Keys Prima by Lemon Tree Hotels, Saj by the Lake, Malshej Ghat, Maharashtra. This is the first of the several properties that the company is expected to sign with SAJ Hotels Ltd.

This hotel will be franchised under Lemon Tree Hotels Limited for distribution and marketing purposes and further strengthens the company's presence in Maharashtra, catering to both business and leisure travellers with a fresh, vibrant, and value-driven experience.

Property Highlights

Keys Prima by Lemon Tree Hotels, Saj by the Lake, Malshej Ghat, Maharashtra is located in the Western Ghats. It is perfect for nature lovers who want to observe a diverse range of stunning birds and explore hills with calming waterfalls. Guests can also visit nearby historic sites like Shivneri Fort, the birthplace of Chatrapati Shivaji Maharaj and Ajoba Hill Fort; or plan a picnic at the picturesque Pimpalgaon Joga Dam, surrounded by the Sahyadri Hills or go on a trek to Harishchandra Gad.

The key features of the hotel will include:

- 55 well-appointed rooms
- A resto bar
- A banquet and an open event space
- Recreational facilities including a swimming pool and a spa

The Pune International Airport is approximately 110 kms away from the property, while the Kalyan Railway Station is about 92 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 welcome SAJ Hotels Ltd as our valued partner. This signing will expand our leisure portfolio in Maharashtra, a state where have 13 operational and 11 upcoming properties in addition to this one. 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. 165.65 as compared to the previous close of Rs. 169.65. The total number of shares traded during the day was 262772 in over 3345 trades.

The stock hit an intraday high of Rs. 169.50 and intraday low of 165.10. The net turnover during the day was Rs. 43766176.00.

Source : Equity Bulls

Keywords

LemonTreeHotels INE970X01018 NewProperty Maharashtra