Lemon Tree Hotels signs 2 new resorts in Tadgaon and Igatpuri

Lemon Tree Hotels Limited, one of India's leading hospitality Company, announces the simultaneous signing of two new properties in Maharashtra: Lemon Tree Resort, Tadgaon and Lemon Tree Resort, Igatpuri. With these additions, the Company will have 32 properties in the State with 15 operational and 17 in pipeline, including the two new signings.

Both the properties will be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels Limited.

This double signing underscores the group's focus on high-potential micro-markets that are rapidly emerging as preferred drive-to locations for leisure and corporate travel from major urban hubs like Mumbai, Navi Mumbai, Thane, and Pune.

Lemon Tree Resort, Tadgaon will feature 110 well-appointed rooms, thoughtfully designed to offer a comfortable and refreshing stay experience. It will feature a restaurant, banquet hall, meeting/conference room, swimming pool, spa and fitness centre, making it an ideal destination for both leisure and events-led travel. The property enjoys excellent regional connectivity, located approximately 75 km from Navi Mumbai International Airport and 100 km from Mumbai Central Railway Station.

Lemon Tree Resort, Igatpuri will offer 90 well-appointed rooms, complemented by a restaurant, banquet hall, meeting/conference room, and a range of recreational facilities including a swimming pool, spa, and fitness centre. The property is located approximately 134 km from Mumbai International Airport and 5.6 km from Igatpuri Railway Station.

Commenting on the signing, Mr. Vishvapreet Singh Cheema, President, Lemon Tree Hotels Ltd., said, "Our expansion strategy with resorts in Tadgaon and Igatpuri in Maharashtra is deeply aligned with the evolving dynamics of the drive-to hospitality sector. Urban travellers and corporate houses are increasingly prioritizing accessible, high-amenity destinations that don't require complex logistics. By introducing the Lemon Tree Resort brand to these two distinct, premium micro-markets, we are uniquely positioned to capture a highly lucrative mix of weekend leisure, multi-generational travel, and mid-to-high-level corporate retreats."

The addition of these two properties further consolidates Lemon Tree Hotels' strong market presence in Western India, strategically expanding its pipeline of premium regional resorts tailored for modern lifestyle and corporate needs.

Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 111.90 as compared to the previous close of Rs. 108.40. The total number of shares traded during the day was 448722 in over 4580 trades.

The stock hit an intraday high of Rs. 112.25 and intraday low of 108.55. The net turnover during the day was Rs. 49706197.00.

Source : Equity Bulls

Keywords

LemonTreeHotels INE970X01018 NewResorts Tadgaon Igatpuri