Lemon Tree Hotels Expands to Gir with New Property Opening in 2030

3 Sep 2024 , 03:14 PM

Lemon Tree Hotels Ltd signed a new property agreement for Lemon Tree Hotel in Gir, Gujarat, on September 2.

The hotel will be managed by Carnation Hotels Private Ltd, a subsidiary of Lemon Tree Hotels Ltd. The property is set to open in the fiscal year 2030, boosting Lemon Tree’s presence in Gujarat and its wildlife destination portfolio.

At the time of writing on September 3, 2024 at 3:12 pm, Lemon Tree Hotels Ltd’ shares were trading 1.65% higher at ₹134. Lemon Tree Hotels Ltd stock has seen a 13% gain over the past six months. Lemon Tree Hotels Ltd stock has gained a total of 25% in the last one year.

Gir National Park, known for being the last habitat of the Asiatic lion, is a key attraction near the hotel.

The new Lemon Tree Hotel will feature 80 rooms, a restaurant, banquet hall, meeting room, swimming pool, and spa. The hotel is located 167 km from Rajkot Airport, 60 km from Junagadh Railway Station, and 34 km from Somnath Railway Station.

Vilas Pawar, CEO of Managed & Franchise Business at Lemon Tree Hotels, expressed excitement about expanding the company’s footprint in Gujarat, where they currently have seven operational and ten upcoming properties. This new project aims to enhance their hospitality offerings for wildlife enthusiasts.