Lemon Tree Hotels signs license agreement for hotel in Tripura; share price gain

Lemon Tree Hotels: This is the first property of Lemon Tree Hotels in Tripura and is expected to open in FY27.

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Share price of Lemon Tree Hotels price gained in the opening trade on March 19 after the company signed a license agreement for Lemon Tree Hotels Agartala, Tripura.

At 09:32am, Lemon Tree Hotels was quoting at Rs 131.60, up Rs 1.75, or 1.35 percent, on the BSE.

This is the first property of Lemon Tree Hotels in Tripura and is expected to open in FY27.

The said property shall be managed by Carnation Hotels Private Limited, a wholly owned subsidiary and the management arm of Lemon Tree Hotels Limited.

The hotels will feature 80 well-appointed rooms, two restaurants, a bar, banquet facilities, meeting rooms, a swimming pool, a fitness center and other public areas.

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In February, the company opened its seventh Lemon Tree Resort in Rajasthan’s Kumbhalgarh.

Also, the company signed a licence agreement for Lemon Tree Resort in Sankhwas Garh, Rajasthan and Keys Lite by Lemon Tree Hotels, Vijayawada.

The company also signed a licence agreement for a hotel in Noida under the Lemon Tree Hotel brand and a property in Marpalle in Telangana.

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