Lemon Tree Hotels Expands in Nepal – Analyzed

Lemon Tree Hotels has just made a big move, signing an agreement to open a new hotel in Bandipur, Nepal. This exciting development shows the company’s growing interest in expanding its brand across Asia. The hotel will offer a great experience for travelers of all kinds.

Key Points

• Lemon Tree Hotels is growing its presence in Nepal.
• Bandipur, Nepal, will host a new, 80-room hotel.
• Carnation Hotels will manage the Bandipur property.
• Guests can enjoy a pool, spa, restaurant, and more.
• The expansion supports Lemon Tree’s global hospitality goals.
• The company’s financial results demonstrate continued growth.

Hotel Details

The new Lemon Tree Hotel in Bandipur will have 80 rooms, providing comfortable spaces for guests. There will also be a restaurant and bar for dining and socializing. The hotel will offer a variety of amenities, including a banquet room, meeting space, and recreational facilities such as a swimming pool, a spa, and a fitness center.

Vilas Pawar, the CEO of Lemon Tree Hotels’ managed and franchise business, is excited about the expansion. He believes it strengthens the company’s commitment to providing excellent hospitality both in India and around the world. This allows them to serve a diverse range of travelers.

Lemon Tree Hotels is a significant player in the Indian hotel industry. It operates a wide range of brands, including Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox Hotels, Keys Prima, Keys Select, and Keys Lite. This diverse portfolio caters to different customer preferences and budgets.

Recently, Lemon Tree Hotels reported strong financial results. Their consolidated net profit increased by 16.73% to Rs 34.60 crore, and revenue from operations rose by 7.7% to Rs 306.28 crore compared to the previous year’s second quarter. The company’s stock price also saw a slight increase, rising by 0.59% to Rs 162.10 on the BSE.

“Our strategic expansion into Nepal underscores our ambition to deliver exceptional hospitality experiences globally.”