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Lemon Tree Hotels Signs License Agreement for Jaipur Hotel
Lemon Tree Hotels Limited has signed a License Agreement for a new "Lemon Tree Hotel" in Pacific Mall, Jaipur. The hotel will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary. The property will feature 124 well-appointed rooms, a restaurant, a lounge, a meeting room, a swimming pool, and a fitness center. This expansion strengthens Lemon Tree's presence in Rajasthan, where they will have 12 operational and 9 upcoming properties in addition to this one.
Key Highlights
Lemon Tree Hotel will add 124 rooms in Jaipur.
The Jaipur International Airport is approximately 8 kms away from the property.
Jaipur Railway Station is about 8.4 kms away from the property.
Lemon Tree Hotels has 12 operational properties in Rajasthan.
👀 What to Watch
Investors should monitor the performance of this new property and its contribution to Lemon Tree Hotels' overall revenue and profitability. Keep an eye on the company's expansion strategy in Rajasthan and its impact on market share.
