Lemon Tree Hotels Strengthens Maharashtra Portfolio with New Ahilyanagar Property Signing
Lemon Tree Hotels Limited, India's largest mid-priced hotel chain, has announced a significant expansion milestone with the signing of Lemon Tree Hotel, Ahilyanagar in Maharashtra. This new signing marks the brand's 30th property in the state, reinforcing its presence and leadership in Maharashtra's diverse travel markets.The new hotel property will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited. The facility is set to feature 95 well-appointed rooms, complemented by a comprehensive range of recreational and business amenities, including a restaurant, banquet hall, meeting room, swimming pool, spa, and fitness center.
The strategic expansion into Ahilyanagar underscores Lemon Tree Hotels’ commitment to Maharashtra as a cornerstone of its domestic growth strategy. The city’s dual identity, serving as both a growing hub for corporate and defence-related travel and a key transit gateway to pilgrimage destinations like Shirdi and Shani Shingnapur, positions the hotel uniquely.
This expansion brings the company's total portfolio in Maharashtra to 30 properties, comprising 15 operational hotels and 15 properties currently in the pipeline.
| Metric | Detail |
|---|---|
| New Property Location | Ahilyanagar, Maharashtra |
| Total Maharashtra Portfolio | 30 properties |
| Operational Hotels (MH) | 15 |
| Pipeline Properties (MH) | 15 |
| New Hotel Capacity | 95 rooms |
Mr. Vishvapreet Cheema, President, Lemon Tree Hotels Ltd., highlighted the significance of the milestone, stating, "Reaching the 30-property milestone in Maharashtra is a significant achievement for us. Ahilyanagar represents exactly the kind of high-potential regional hub where we see long-term value, a city that bridges the gap between industrial growth and the state's massive spiritual tourism circuit. This expansion further strengthens Lemon Tree Hotel's presence across India's key travel and economic corridors."
The new hotel boasts convenient accessibility for travellers, located approximately 8 km from Ahilyanagar Railway Station and 119 km from Pune International Airport.
Lemon Tree Hotels Limited is positioned as a leader in Indian hospitality. The group operates seven distinct brands, including Aurika Hotels & Resorts, Lemon Tree Premier, and Keys Select. The company currently operates over 130 hotels across 80+ cities in India and abroad, with a growing pipeline of 130+ upcoming properties. Since opening its first 49-room hotel in 2004, the group has grown to over 250 properties, solidifying its position for both business and leisure travellers.
LEMONTREE Stock Price Movement
Shares of Lemon Tree Hotels Limited slipped by 0.63% on Tuesday, settling at ₹120.75 after trading was marked by selling pressure. The stock traded through a range of ₹119.24 to ₹122, recording a total volume of 1.63 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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