LEMONTREEBSELemon Tree Hotels LtdMediumPositive
Announced Fri, 15 May · 21:49 IST

Press release for opening of Keys Select by Lemon Tree Hotels, Chirang

Business Updates View source PDF

LEMONTREE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+0.2%1-day move
₹111.03
prior close
₹110.00
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AI summary

Lemon Tree Hotels has announced the opening of Keys Select by Lemon Tree Hotels in Chirang, Assam. The hotel features 40 rooms with dining (Keys Café restaurant and Unlock Bar), banquet/meeting spaces, fitness centre, and spa. It is managed by Carnation Hotels Private Limited, a wholly-owned subsidiary. The property is strategically located on NH-31C along the Chirang–Bongaigaon commercial corridor, approximately 5 km from New Bongaigaon Railway Station and 188 km from Guwahati airport. This marks Lemon Tree's first property in Assam, expanding its presence in Northeast India.

Likely market impact

The new hotel opening expands Lemon Tree's footprint into Assam and strengthens its presence in Northeast India's tier-II markets. The 40-room property will contribute to the company's room inventory, with revenue impact dependent on occupancy rates and pricing in the emerging corridor.