Introduction:
Lemon Tree Hotels, a distinguished name in the Indian hospitality region, has announced the signing of a license agreement for a new belongings in Ranchi, Jharkhand. This marks an crucial step in the business enterprise’s increase strategy because it expands its presence in japanese India. The belongings, branded as Lemon Tree Hotel Ranchi, is expected to open its doorways in the monetary 12 months 2027 and might be controlled by using Carnation Hotels, a completely-owned subsidiary of Lemon Tree Hotels.
The new property in Ranchi will feature 65 well-appointed rooms designed for both business and leisure travelers. The hotel will also offer a range of amenities including a restaurant, a rooftop bar, a banquet hall, meeting rooms, a swimming pool, and a fitness center, among other public spaces.
Located about 5 km from Birsa Munda Airport and 7 km from Ranchi Junction, the hotel is strategically positioned with excellent connectivity to the city’s key transport hubs, making it an ideal choice for visitors.
Vilas Pawar, CEO of Lemon Tree Hotels’ managed and franchise business, expressed enthusiasm about the new venture, stating, “We are delighted to announce the expansion of our portfolio in Jharkhand. By expanding our footprint across different states and cities, we aim to make Lemon Tree Hotels the most preferred brand in India.
This opening will be in addition to our existing hotel and two upcoming properties in the state, underscoring our commitment to growing our presence in tier-II and tier-III cities.
Lemon Tree Hotels Expands in Jharkhand and Bhutan: New Property in Ranchi and Resort in Thimphu Set to Open Soon:
Lemon Tree’s International Expansion Continues with New Resort in Bhutan
In a parallel development, Lemon Tree Hotels has also announced the opening of the Lemon Tree Resort in Thimphu, Bhutan. This resort is the company’s second property in the capital city and represents a further extension of its international footprint.
The property, featuring 60 rooms and a villa, offers a range of amenities designed to meet both leisure and business travelers’ needs. Key highlights include Citrus Café (a multi-cuisine coffee shop), Slounge (a hip recreation bar), expansive banquet spaces, meeting rooms, and a kids’ room for family visitors.
In a phased opening, 48 rooms and the villa have been made available to guests, with the remaining rooms, fitness center, heated swimming pool, and Fresco spa set to open soon. The resort’s expansive facilities are expected to attract both domestic and international visitors looking for a luxury experience in Bhutan’s serene capital.
Strong Financial Growth Amid Expansion
Lemon Tree Hotels also announced its impressive financial performance for Q2 FY25, with a consolidated net profit of Rs 35.03 crore, reflecting a 32.79% year-on-year increase. This strong growth was supported by a 23.96% increase in revenue from operations, which rose to Rs 284.36 crore during the same period.
Despite these positive results, the company’s stock price saw a slight dip, slipping 1.33% to Rs 144.65 on the BSE in after-market hours trading on Thursday, December 12, 2024.
Lemon Tree Hotels has demonstrated resilience in a competitive and evolving hospitality sector, leveraging its multi-brand portfolio, including Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima, and Keys Lite, to cater to a wide range of market segments.
Conclusion:
With its ongoing expansion in key markets like Ranchi and Thimphu, and a solid performance in FY25, Lemon Tree Hotels is well-positioned to capture a larger share of the growing hospitality market in both India and international destinations.
As more cities and regions across India see rising demand for quality mid-market hospitality services, the company’s strategic focus on enhancing its network of hotels and resorts across emerging markets is expected to yield further growth in the coming years.
FAQ:
1. What is the latest announcement from Lemon Tree Hotels?
Lemon Tree Hotels has signed a license agreement for a new property in Ranchi, Jharkhand. The hotel will be managed by Carnation Hotels, a subsidiary of Lemon Tree Hotels, and is expected to open in FY 2027. The property will feature 65 rooms and a variety of amenities including a restaurant, rooftop bar, banquet hall, meeting rooms, fitness center, and more.
2. Where is the new Lemon Tree Hotel Ranchi located?
The new Lemon Tree Hotel is located about 5 km from Birsa Munda Airport and 7 km from Ranchi Junction. The property is also well connected by road, providing convenient access for both public and private transport.
3. What are the key features of Lemon Tree Hotel Ranchi?
The hotel will offer a range of amenities, including:
- 65 well-appointed rooms
- A multi-cuisine restaurant
- A rooftop bar
- A banquet hall and meeting rooms
- A swimming pool and fitness center
- Spacious public areas for relaxation and events
4. What are the expected opening dates for the new Ranchi hotel?
The hotel is expected to open in FY 2027, as part of Lemon Tree Hotels’ ongoing expansion strategy in India.
5. What other new properties is Lemon Tree Hotels opening?
In addition to the Ranchi property, Lemon Tree Hotels has also recently announced the opening of the Lemon Tree Resort in Thimphu, Bhutan. This is the second property in Bhutan for the company and features 60 rooms and a villa. The resort will offer facilities like a multi-cuisine coffee shop, a hip recreation bar, expansive banquet spaces, and a kids’ room.
6. How many rooms does the Lemon Tree Resort in Thimphu have?
The Lemon Tree Resort Thimphu has a total of 60 rooms and 1 villa. The resort opened in phases, with 48 rooms and the villa available during the initial launch. The remaining rooms, along with additional facilities such as a fitness center and a spa, will open soon.
7. What is Carnation Hotels, and what role does it play in these expansions?
Carnation Hotels is a wholly owned subsidiary of Lemon Tree Hotels, responsible for managing the company’s hotels and resorts. It will manage the new Lemon Tree Hotel Ranchi as well as the Lemon Tree Resort Thimphu.
8. What is the business strategy behind Lemon Tree Hotels’ recent expansions?
Lemon Tree Hotels is focusing on expanding its presence in both tier-II and tier-III cities across India, as well as in international destinations like Bhutan. The company aims to offer mid-range hospitality solutions and increase its footprint in emerging markets, meeting the growing demand for affordable yet high-quality accommodations.
9. How has Lemon Tree Hotels performed financially in recent quarters?
Lemon Tree Hotels reported a 32.79% increase in net profit, reaching Rs 35.03 crore in Q2 FY25. The company also saw a 23.96% rise in revenue, which amounted to Rs 284.36 crore. These results reflect strong business growth despite challenges in the hospitality sector.
10. How can I book a stay at Lemon Tree Hotels in Ranchi or Thimphu?
Bookings for both Lemon Tree Hotel Ranchi (once it opens) and Lemon Tree Resort Thimphu can be made directly through the Lemon Tree Hotels website, via online travel agencies, or through their customer service centers.
11. How does Lemon Tree Hotels plan to enhance its brand presence in India?
Lemon Tree Hotels aims to become the most preferred brand in the Indian hospitality sector by expanding its portfolio across multiple regions. This includes growing its footprint in both major metropolitan cities and emerging markets like Ranchi, catering to the rising demand for affordable and high-quality mid-market hotel options.
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