Lemon Tree Hotels signs new hotel in Erode, Tamil Nadu; Stock up 1.5%

9 Sep 2022 , 09:17 AM

Lemon Tree Hotels Limited has announced its latest signing with Lemon Tree Hotel, Erode. The property is expected to be operational by next December 2023, and shall be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary and the management arm of Lemon Tree Hotels Limited, the company said.

The property will feature 64 well-appointed rooms and suites, complemented by a restaurant, a bar and a meeting room.

Mahesh Aiyer, CEO – Carnation Hotels Private Limited – commented, “We are happy to expand our reach in Tamil Nadu with our valued partner, Hotel Le Jardin. This will be our sixth property in the state and will help us grow our footprint in a state famous for its tourism and business potential.

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

At around 9:17 AM, Lemon Tree Hotels Ltd is currently trading at Rs78.25 per share up by Rs1.25 or 1.62% from its previous closing of Rs77 per share on the BSE.

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