Lemon Tree Hotels signs two new properties in Gujarat and Uttarakhand

Lemon Tree Hotels Limited, India's fastestgrowing mid-scale and premium hotel chain, today announced the signing of two new properties - Lemon Tree Hotel, Surat Airport and Keys Prima by Lemon Tree Hotels, Haridwar.

Lemon Tree Hotel, Surat Airport, shall be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited, while Keys Prima by Lemon Tree Hotels, Haridwar, will be franchised under Lemon Tree Hotels Limited. The two properties will further strengthen the company's presence in Gujarat and Uttarakhand while catering to both business and leisure travellers with a fresh, vibrant, and value-driven experience.

Property Highlights

Lemon Tree Hotel, Surat Airport is located in the bustling commercial hub known for its thriving textile and diamond industries. Often referred to as the "Diamond City of India," Surat combines strong business potential with a growing urban lifestyle, featuring shopping avenues, riverfront promenades, and emerging leisure hotspots. Its strategic location and excellent connectivity make it an attractive destination for corporate travellers as well as guests exploring Gujarat.

The key features of the hotel will include:

- 110 well-appointed rooms
- A restaurant
- Banquet and meeting facilities
Recreational facilities, including a swimming pool, a spa and other public areas

The Surat International Airport is approximately 1.6 kms from the property, with a travel time of about 5 minutes, while Surat Railway Station is approximately 16 kms away, with a travel time of about 30 minutes. The hotel is well connected by roadways for both public and private transport.

Keys Prima by Lemon Tree Hotels, Haridwar is located near Rajaji National Park in Shyampur, Haridwar. Nestled close to lush forest landscapes and within easy reach of the holy city's ghats and temples, the hotel offers a convenient base for both spiritual travellers and nature enthusiasts visiting this renowned pilgrimage and wildlife destination.

The hotel will feature:

- 60 well-appointed rooms
- A restaurant
- A conference hall
- Recreational facilities including a fitness centre, spa, swimming pool and other public areas

The Jolly Grant Airport, Dehradun, is approximately 49 kms from the hotel, while Haridwar Railway Station is around 12 kms away. The property is well connected by road through both public and private transport from major cities across India.

Speaking on the occasion, Mr. Vilas Pawar, CEO - Managed & Franchise Business, Lemon Tree Hotels, commented, "With these signings, we are pleased to strengthen our presence in Gujarat and Uttarakhand further, two key states that attract a diverse mix of business, spiritual and leisure travellers. From thriving commercial hubs to serene spiritual and nature-led destinations, both regions offer immense potential for quality hospitality. Gujarat has 10 operational and 19 upcoming hotels, while Uttarakhand currently has nine operational and an equal number of upcoming properties."

Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 154.40 as compared to the previous close of Rs. 151.55. The total number of shares traded during the day was 123713 in over 2008 trades.

The stock hit an intraday high of Rs. 154.75 and intraday low of 151.55. The net turnover during the day was Rs. 18999381.00.

Source : Equity Bulls

Keywords

LemonTreeHotels INE970X01018 TwoNewProperties Gujarat Uttarakhand