Lemon Tree Signs License for New Hotel in Ayodhya, Opening in 2026

30 Aug 2024 , 12:28 PM

Lemon Tree Hotels Ltd. has signed a license agreement for a new property in Ayodhya, Uttar Pradesh. The hotel will be managed by Carnation Hotels Private Ltd., a subsidiary of Lemon Tree Hotels, and is expected to open in FY 2026.

The upcoming Lemon Tree Hotel in Ayodhya will have 72 rooms and include a restaurant, rooftop bar, two banquet halls, meeting rooms, a fitness center, and a swimming pool. Ayodhya, the birthplace of Lord Rama, is a major pilgrimage site for millions of devotees.

Vilas Pawar, CEO of Managed & Franchise Business at Lemon Tree Hotels, expressed excitement about the company’s eighth property in Ayodhya.

This will be Lemon Tree’s second hotel in Ayodhya, complementing its seven operational and seven upcoming hotels in Uttar Pradesh.

The new property aims to offer a mix of comfort and local charm, enhancing the experience for travelers visiting the spiritually significant city.

At the time of writing on August 30, 2024 at 12:17 pm, Lemon Tree Hotels Ltd’s stock was trading at ₹133.68, marking a 0.13% gain on the NSE. Lemon Tree Hotels Ltd has witnessed a 21% gain since the beginning of the year, and 12% gain since the beginning of the year.