Lemon Tree Hotels expands presence in UP with new hotel in Najibabad

Lemon Tree Hotels Limited, India's fastestgrowing mid-scale and premium hotel chain, today announced the signing of a new hotel in Najibabad, Uttar Pradesh, marking its 25th property in the State. The Company currently operates 8 hotels in Uttar Pradesh, with 17 more in the pipeline, including this latest signing, underscoring its sustained expansion across one of India's fastest-growing travel markets.

The upcoming Lemon Tree Hotel, Najibabad will be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels Limited.

Located in the Bijnor district, Najibabad serves as a gateway to key spiritual and leisure destinations including Haridwar, Rishikesh and Jim Corbett National Park. With steady pilgrimage and wildlife tourism demand, along with improving regional infrastructure, the town presents a compelling opportunity for quality branded hospitality. With a proximity of 88 km from Jolly Grant Airport and 8.6 km from Najibabad Junction railway station, the hotel extends connectivity and convenience for both both business and leisure travellers.

The hotel will feature 100 well-appointed rooms, a restaurant, banquet hall, conference room and recreational amenities including a fitness centre, swimming pool and spa.

Commenting on the development, Mr. Vilas Pawar, CEO - Managed & Franchise Business, Lemon Tree Hotels, said, "Najibabad's unique position at the crossroads of spiritual, leisure and transit travel makes it an exciting addition to our portfolio. As we continue to expand in Uttar Pradesh, our focus remains on creating vibrant, welcoming spaces that deliver reliable comfort and memorable experiences for our guests."

With this signing, Lemon Tree Hotels continues to deepen its presence across highpotential regional markets, bringing its signature blend of warmth, value and consistency to emerging destinations across India.

Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 113.80 as compared to the previous close of Rs. 117.00. The total number of shares traded during the day was 314135 in over 4749 trades.

The stock hit an intraday high of Rs. 116.85 and intraday low of 112.95. The net turnover during the day was Rs. 35734176.00.

Source : Equity Bulls

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