Lemon Tree Hotels signs a new hotel in Anjuna, Goa; Stock rises

11 Jul 2022 , 09:45 AM

Lemon Tree Hotels has announced its latest signing – Lemon Tree Hotel, Anjuna, Goa. This property is expected to be operational by March, 2023, and shall be managed by Carnation Hotels Private Limited, a subsidiary and the management arm of Lemon Tree Hotels Limited.

Located in North Goa, Anjuna is known for its trance parties held on its beach during the tourist season (October – April), as well as the famous flea markets that come alive every Wednesday and Saturday. It is well-connected with air and railway as the Thivim Railway Station is 16 km away while the Goa International Airport is at a distance of 44 km.

The area is known for the St. Michael’s Church, Anjuna, founded in 1595, which is dedicated to S. Miguel, and celebrates the feasts of S. Miguel and Nossa Senhora Advogada.

Located in Anjuna, this property will feature 51 well-appointed rooms, complemented by a restaurant, bar, spa, swimming pool and gym. It will also have a meeting room.

Speaking on the occasion Mahesh Aiyer, CEO – Carnation Hotels Private Limited – commented, “We are delighted to expand our reach in Goa with our valued partner, Mr. Amrinder Singh. This will be our fifth property in Goa, a state famous for its tourism potential, which is visited by large numbers of travellers, both domestic and international, every year.

We aspire to expand and diversify our existing portfolio by signing and opening more hotels to expand our offerings to our guests as well as owners and partners in the tourism and hospitality sector.”

At around 9:47 AM, Lemon Tree Hotels was trading at Rs66.40 per share up by Rs0.45 or 0.68% from its previous closing of Rs65.95 per share on the BSE.