The property is owned by SreeKanya Combines and is expected to be operational by March 2023. It shall be managed by Carnation Hotels, a subsidiary, and management arm of Lemon Tree Hotels.
Gajuwaka is the shopping district of Andhra Pradesh, with an approximate distance of eight kilometers from the Visakhapatnam Airport. The hotel is situated in Gajukawa, has 44-rooms, and a multi-cuisine restaurant.
Mahesh Aiyer, CEO of Carnation Hotels Private Ltd., commented, “This will be company’s fourth property in this state. It holds immense business and tourism potential. Lemon Tree will sign and open more hotels to extend our offerings for guests and owners in the tourism and hospitality industry."
Lemon Tree’s counter slipped 1.90% at Rs64.45 against previous close of Rs65.70 on BSE. It touched intraday high and low of Rs65 and Rs63.40 respectively so far.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.