Lemon Tree signed a license agreement for a 60-room hotel in Aurangabad

In India’s mid-range hotel market, Lemon Tree Hotels has swiftly become a dominant force. The chain’s emphasis on offering high-quality lodging at reasonable costs has allowed it to draw in a diverse clientele, including both leisure and business travellers. The company’s quick growth throughout India’s cities is evidence of its popularity and success with visitors. Lemon Tree Hotels has made significant progress in its international expansion in addition to its broad presence in India. The main operations of Lemon Tree Hotels are the development, ownership, acquisition, management, operation, renovation, and promotion of lodging facilities, resorts, restaurants, and the like under the brands Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima, and Keys Lite.

The new Lemon Tree Hotel in Aurangabad, Maharashtra

A license agreement has been signed by Lemon Tree Hotels, located on Adalat Road in Aurangabad, Maharashtra. The property is anticipated to open in FY 2028 and will be managed by Carnation Hotels, a fully-owned subsidiary of Lemon Tree Hotels.

This hotel will have 60 luxurious rooms, a restaurant, a meeting space, a banquet hall, a swimming pool, a spa, and other public spaces. The hotel is easily reached by car as well as by public transportation thanks to its excellent road connections.

Vilas Pawar’s remarks regarding the new Maharashtra hotel

The CEO of Lemon Tree Hotels, a franchise and management company, Vilas Pawar, stated: “We are thrilled to announce our additional expansion in Maharashtra. Our dedication to offering outstanding hospitality and experiences in this stunning area will be further strengthened by this new addition, which will join our twelve current and four planned properties in the state.

Lemon Tree Hotels’ first quarter FY25 results

In Q1 FY25, the company’s consolidated net profit dropped 15.55% to Rs 19.81 crore from Rs 23.46 crore in Q1 FY24. In Q1 FY25, however, operating revenue increased 19.52% year over year (YoY) to Rs 268.02 crore.

The stock of Lemon Tree Hotels Ltd. is up 2% today

The stock of Lemon Tree Hotels Ltd. share is currently trading at Rs. 117.77 per share, up 2% intraday due to the signing of a new property in Aurangabad, Maharashtra.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.