Lemon Tree Hotels Limited has informed the Exchange about General Updates on Opening of Lemon Tree Hotel, Jamnagar, Gujarat
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Awaiting price reaction for this filing.
Lemon Tree Hotels has opened a new 60-room property in Jamnagar, Gujarat, marking its 9th hotel in the state. The hotel will launch in two phases — 52 rooms, a multi-cuisine restaurant (Citrus Café), a fitness centre and conference facilities are now operational, with the remaining 8 rooms opening shortly. The property is managed by Carnation Hotels, a subsidiary of Lemon Tree Hotels. Jamnagar is positioned as both an industrial hub (home to major oil refineries) and a tourist destination, making it a strategic addition to the group's portfolio.
This is a routine network expansion update and is unlikely to move the stock significantly on its own. However, it reflects the company's continued portfolio growth (now over 110 operational hotels), which is positive for long-term revenue potential, especially from business travel tied to Jamnagar's refinery industry.