Lemon Tree Hotels Limited has signed a License Agreement for a new property, Lemon Tree Premier, Visakhapatnam. The property will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited.
Property Details
The hotel will feature:
- 110 well-appointed rooms
- Restaurant
- Banquet hall
- Meeting/conference room
- Fitness center
- Swimming pool
- Spa
Strategic Significance
This signing represents the group's 3rd property in Visakhapatnam and 13th property in the state of Andhra Pradesh. The company's portfolio in Andhra Pradesh now includes six operational hotels and seven upcoming properties.
Location and Connectivity
The property is located in Visakhapatnam, described as a prominent commercial, industrial and leisure destination in Andhra Pradesh. The hotel is approximately 39 km from Visakhapatnam International Airport (approximately 1 hour 25 minutes travel time) and is well connected by road through public and private transport from major cities across India.
Brand Positioning
The Lemon Tree Premier brand introduces an upscale offering to Visakhapatnam, complementing the group's existing footprint in the city which includes:
- Keys Select by Lemon Tree Hotels in Daba Gardens (midscale segment)
- Keys Lite by Lemon Tree Hotels in Gajuwaka (economy segment)
Management Commentary
Mr. Vishvapreet Singh Cheema, President of Lemon Tree Hotels Ltd., stated that Visakhapatnam is a key economic centre and thriving tourism destination driving strong demand across corporate, leisure and MICE segments. The new upscale offering allows the company to capture a broader spectrum of demand while deepening footprint in a high-growth market.
Company Background
Lemon Tree Hotels Limited operates seven distinct brands across various segments: Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox, Keys Prima, Keys Select, and Keys Lite. The group operates 130+ hotels across 80+ cities in India and abroad, with a pipeline of 140+ upcoming properties.