20 Mar, 10:24 - Indian

Nifty Pharma 22336.05 (1.06)

Nifty 50 23219.6 (0.95)

SENSEX 74931.29 (0.98)

Nifty Bank 53969.05 (0.97)

Nifty IT 29062.05 (1.69)

Nifty Midcap 100 55118.9 (1.15)

Nifty Smallcap 100 15787.65 (0.53)

Nifty Next 50 64488.6 (1.44)

20 Mar, 10:24 - Global

NIKKEI 225 53372.53 (-3.38)

HANG SENG 25329.84 (-0.67)

S&P 6675 (0.04)


Live News

You are Here : Home > News > Live News >

(20 Mar 2026, 08:00)

Lemon Tree Hotels signs deal for new resort in Lonavala

Lemon Tree Hotels has announced the signing of a license agreement for a new property, Lemon Tree Resort, Lonavala, as part of its strategy to strengthen its presence in Maharashtra.


The resort will be managed by Carnation Hotels, a wholly owned subsidiary of the company. This upcoming property will feature 50 well-appointed rooms, along with a restaurant, banquet hall, meeting room, swimming pool, spa and fitness centre, catering to both leisure and corporate travellers.

The resort is conveniently located approximately 69 km from Navi Mumbai International Airport (around 1 hour 17 minutes by road) and about 5.8 km from Lonavala Railway Station (approximately 15 minutes), providing easy connectivity for travellers from major cities across India.

Vilas Pawar, CEO – managed & franchise business, Lemon Tree Hotels, said: “Lonavala remains a high-demand leisure destination with strong potential across weekend travel, weddings and corporate retreats. This signing aligns with our focus on expanding our resort portfolio in key getaway destinations, while continuing to build scale in Maharashtra. We look forward to offering guests a refreshing stay experience in this scenic location”

Lemon Tree Hotels (LTHL) is one of the largest hotel chains in India and owns/leases/operates/franchises hotels across the upscale, upper-midscale, midscale, and economy segments. The group offers seven brands to meet guests’ needs across all levels, viz., Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox Hotels by Lemon Tree Hotels, Keys Prima by Lemon Tree Hotels, Keys Select by Lemon Tree Hotels, and Keys Lite by Lemon Tree Hotels.

The company reported a 16.73% jump in consolidated net profit to Rs 34.60 crore, while revenue from operations rose 7.7% to Rs 306.28 crore in Q2 FY26 over Q2 FY25.

The counter declined 1.12% to Rs 106.35 on the BSE.

More News
More Company News View Company Information

Capital Market Publishers India Pvt. Ltd

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071, India.

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

Copyright @ Capital Market Publishers India Pvt.Ltd

Designed, Developed and Content powered by CMOTS InfoTech (ISO 9001:2015 & ISO/IEC 27001:2022 Certified)

Site best viewed in Internet Explorer Edge ,   Google Chrome 115.0.5790.111 + ,   Mozilla Firefox 115.0.3 + ,   Opera 30.0+, Safari 16.4.1 +