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Hot Pursuit News

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(14 Dec 2024, 10:01)

Lemon Tree Hotels expands footprint to Bhuj, Gujarat

Lemon Tree Hotels has announced the signing of a new property in Bhuj, Gujarat.


The upcoming Lemon Tree Hotel, Bhuj, is set to open in FY 2026 and will be managed by Carnations Hotels, a subsidiary of Lemon Tree Hotels.

Located in the heart of Kutch district, Bhuj is a city steeped in history and culture. Renowned for its intricate handicrafts, ancient monuments like the Aina Mahal, and the Rann of Kutch, Bhuj is emerging as a popular tourist destination.

The new hotel will offer 74 well-appointed rooms, a restaurant, meeting facilities, a banquet hall, a swimming pool, a fitness center, and other amenities. Its strategic location, just 9 kilometers from Bhuj Airport and 4 kilometers from Bhuj Railway Station, ensures easy accessibility for both domestic and international travelers.

Vilas Pawar, CEO- managed & franchise business, Lemon Tree Hotels commented, "We are delighted to strengthen our portfolio in Gujarat, a state known for its arts, crafts as well as enterprising spirit of its residents. By expanding our footprint across different states and cities, we aim to make Lemon Tree Hotels the most preferred brand across different segments. This opening will be in addition to our seven existing and 12 upcoming hotels in the state."

Lemon Tree Hotels Limited (LTHL) is a leading hotel chain in India, operating a diverse portfolio of hotels across various segments, including upscale, upper-midscale, midscale, and economy. With a strong focus on delivering high-quality service and value, LTHL offers seven distinct brands to cater to diverse guest needs. The company has a significant presence in major metro cities and tier I, II, and III cities across India. LTHL has also expanded its international footprint with hotels in Dubai, Bhutan, and Nepal.

The company's consolidated net profit jumped 31% to Rs 29.64 crore on a 25% increase in net sales to Rs 284.37 crore in Q2 FY25 over Q2 FY24.

Shares of Lemon Tree Hotels rose 0.85% to settle at Rs 147.85 on 13 December 2024.


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