Lemon Tree Hotels Limited — Important, 16-01-2025: Updates

Lemon Tree Hotels has signed a License Agreement for the Lemon Tree Hotel, Valsad, Gujarat, which will be managed by its subsidiary, Carnation Hotels Private Limited. The hotel, featuring 46 rooms, two restaurants, a banquet hall, a meeting room, a swimming pool, and a spa, is expected to open in FY 2029. Valsad, known for its rich agricultural landscape, is well-connected to major cities and offers popular attractions. This expansion complements Lemon Tree's existing presence in Gujarat, which includes seven hotels and fourteen upcoming projects. In a related development, the company has de-flagged Aurika, Coorg, a 55-room property, effective January 15, 2025. This strategic shift may streamline operations, though it reduces the company's hotel roster. Overall, Lemon Tree Hotels is enhancing its portfolio, presenting potential growth opportunities in the Haryana market.