Signing of License Agreement viz. Lemon Tree Hotel, Kumbakonam in Tamil Nadu
LEMONTREE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lemon Tree Hotels has signed a license agreement to open a new Lemon Tree Hotel in Kumbakonam, Tamil Nadu. The property will feature 66 well-appointed rooms along with a multi-cuisine restaurant, banquet hall, meeting room, swimming pool, spa, and fitness center. The hotel will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of the company. This signing brings Lemon Tree's total footprint in Tamil Nadu to eight hotels, comprising six operational and two upcoming properties. Kumbakonam is a heritage and spiritual destination attracting pilgrims, cultural travellers, and business visitors.
This announcement signals continued portfolio expansion for Lemon Tree Hotels in South India. The new property in a heritage destination adds to the company's pipeline of upcoming hotels, though the financial impact on revenues is not disclosed in this filing.