Shares of Lemon Tree Inns Ltd had been buying and selling within the inexperienced and three% increased on 8 April after the corporate introduced signing a brand new licensing settlement for a brand new property in Darjeeling.
Lemon Tree Inns has introduced that its upcoming property, Keys Prima by Lemon Tree Inns, will likely be operated by Carnation Inns Non-public Restricted, its wholly-owned subsidiary. The lodge will supply 65 well-appointed rooms, together with a restaurant, assembly room, leisure facilities, and different public areas. It additionally advantages from wonderful street connectivity, offering handy entry by way of each private and non-private transport.
Commenting on the growth, Vilas Pawar, CEO of the managed and franchise enterprise at Lemon Tree Inns, acknowledged, “We’re thrilled to strengthen our presence in West Bengal. This addition aligns with our strategic development plans within the state, the place we at present function two resorts and have two extra within the pipeline.”
This growth follows latest signings by the corporate, together with a brand new property in Bokaro, Jharkhand, scheduled to open in FY2027, and two Keys Lite by Lemon Tree Inns properties in Madhya Pradesh.
Lemon Tree Inns is concerned in creating, buying, renovating, and managing resorts, motels, resorts, and eating places. The corporate’s portfolio consists of over 210 properties, with greater than 110 already operational and over 100 in varied phases of growth throughout India and overseas.
At 12:22 pm, the shares of Lemon Tree Inns had been buying and selling 2.32% increased at Rs 136.90 on NSE.
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