Press Release for opening of Keys Select by Lemon Tree Hotels, Amritsar
LEMONTREE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lemon Tree Hotels has announced the opening of its Keys Select property in Amritsar, marking the brand's third hotel in Punjab. The hotel features 50 rooms (up from 45 earlier disclosed), a restaurant, meeting room, and fitness centre. Located near the Golden Temple and Jallianwala Bagh, the property targets pilgrimage and leisure travellers. It is situated 2.5 km from Amritsar Railway Station and 13 km from the airport. This expands the company's North India presence as part of its growth strategy for spiritual and cultural destinations.
Positive for shareholders as the new hotel strengthens Lemon Tree's portfolio and North India footprint, with increased inventory from earlier disclosures indicating confidence in demand. However, this is a routine expansion announcement with no material impact on near-term financials.