Lemon Tree Hotels Limited — Important, 13-12-2024: Updates

Lemon Tree Hotels has signed a License Agreement for the Lemon Tree Hotel in Bhuj, Gujarat, which will be managed by its subsidiary, Carnation Hotels Private Limited. The hotel is slated to open in FY 2026 and will feature 74 well-appointed rooms, a restaurant, banquet facilities, a fitness center, and a swimming pool. Bhuj, noted for its rich cultural heritage and historical significance, is well connected by road and is a short distance from both the airport and railway station. This addition complements Lemon Tree's strategy to expand its presence across various states, enhancing its position in the hospitality sector. Investors should note this development as part of the company's growth trajectory, indicating a proactive approach to capitalizing on emerging market opportunities in Gujarat.