Lemon Tree Hotel Company has signed a license agreement for a new hotel property in Kalaburagi, Karnataka, expected to open in FY27. The hotel will be managed by Carnation Hotels Private Ltd, a wholly-owned subsidiary of Lemon Tree.
This upcoming hotel will feature 72 rooms and various amenities, including a restaurant, bar, banquet hall, meeting room, swimming pool, fitness center, and spa. Kalaburagi, known for its rich cultural heritage and architectural landmarks like Gulbarga Fort and Khwaja Bande Nawaz Dargah, is anticipated to attract many visitors.
Strategically located, the hotel is approximately 14 km from Kalaburagi Airport and 6 km from the Kalaburagi Railway Station, ensuring easy accessibility by both public and private transport.
Vilas Pawar, CEO of Managed & Franchise Business at Lemon Tree Hotels, expressed excitement about the expansion, emphasizing their commitment to providing exceptional hospitality in Karnataka, where they already operate eight properties and have one more in the pipeline.
In market news, Lemon Tree Hotels Ltd shares closed at ₹120.80, down by ₹2.45 or 1.99% on the BSE.
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