Lemon Tree Hotels has announced the signing of a new property, Lemon Tree Premier, Visakhapatnam. This marks the group’s third hotel in the city and 13th in Andhra Pradesh. The upscale hotel will feature 110 well-appointed rooms and will be managed by Carnation Hotels Private Limited, a subsidiary of Lemon Tree Hotels Limited. The signing is part of the company’s strategy to expand its footprint in key markets.
Expansion in Andhra Pradesh
Lemon Tree Hotels Limited, a leading hospitality company in India, has officially announced the signing of a new property, Lemon Tree Premier, Visakhapatnam. This development signifies the group’s 3rd property in the city and its 13th in the state of Andhra Pradesh, underscoring its commitment to expanding its presence in strategically important locations.
Property Details and Management
The upcoming Lemon Tree Premier in Visakhapatnam will be an upscale offering, boasting 110 well-appointed rooms. Guests can expect amenities such as a restaurant, banquet hall, meeting/conference room, fitness center, swimming pool, and spa. The property will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited, ensuring adherence to the group’s service standards.
Strategic Market Growth
Visakhapatnam is identified as a key economic and tourism hub in Andhra Pradesh, experiencing strong demand from corporate, leisure, and MICE segments. Mr. Vishvapreet Singh Cheema, President of Lemon Tree Hotels Ltd., highlighted that adding an upscale offering like Lemon Tree Premier will allow the group to cater to a broader spectrum of demand and further deepen its footprint in this high-growth market. The hotel’s location is also advantageous, with proximity to key transportation hubs, including Visakhapatnam International Airport.
About Lemon Tree Hotels Limited
Lemon Tree Hotels Limited (LTHL) operates a diverse portfolio of hotels across India and abroad, catering to various customer segments through its seven distinct brands. The group currently operates over 130 hotels in 80+ cities and has a pipeline of 140+ upcoming properties, reinforcing its position as a prominent player in the hospitality industry.
Source: BSE
