Lemon Tree signs new property in Kharar near Chandigarh; stock up ~1%

26 Apr 2022 , 11:05 AM

Lemon Tree Hotels Limited informed investors of its latest hotel signing – Lemon Tree Hotel, Kharar, near Chandigarh.

M/s Omni Pacific Colonisers Pvt. Ltd. is the righteous owner of this hotel which is expected to be functional by November 2025. This hotel will be under the management of Carnation Hotels Private Limited, a subsidiary and the management arm of Lemon Tree Hotels Limited.

This hotel is positioned in the urban region of Punjab and is among the 4 blocks of Sahibzada Ajit Singh Nagar district. Kharar is a rapidly-growing business and cultural hub in Punjab that offers many attractions to tourists.

The city offers a delight to travelers be it Gurudwaras or temples, amusement parks, gardens, lakes, and sanctuaries.

The property is located in the Mohali region, featuring 60 well-appointed rooms, complemented by a multi-cuisine restaurant and a bar. It will also be equipped with a conference room, banquet facility, a spa, and a fitness centre for recreation.

Lemon Tree Hotels is currently trading at Rs65.75 up by Rs0.7 or 1.08% from its previous closing of Rs65.05 on the BSE. The scrip opened at Rs66.30 and has touched intraday high and low of Rs66.40 and Rs65.40 respectively.