Property Details

Lemon Tree Resort, Tadgaon (Maharashtra):

  • 110 well-appointed rooms
  • Amenities: restaurant, banquet hall, meeting/conference room, swimming pool, spa, fitness center
  • Location: Approximately 75 km from Navi Mumbai International Airport, 100 km from Mumbai Central Railway Station

Lemon Tree Resort, Igatpuri (Maharashtra):

  • 90 well-appointed rooms
  • Amenities: restaurant, banquet hall, meeting/conference room, swimming pool, spa, fitness center
  • Location: Approximately 134 km from Mumbai International Airport, 5.6 km from Igatpuri Railway Station

Management Structure

Both properties will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited.

Strategic Impact

  • Adds 200 keys to the company's pipeline
  • Strengthens network to 32 properties across Maharashtra (15 operational, 17 in pipeline including these two)
  • Focuses on high-potential micro-markets emerging as preferred drive-to locations for leisure and corporate travel
  • Targets travelers from major urban hubs including Mumbai, Navi Mumbai, Thane, and Pune

Management Commentary

Mr. Vishvapreet Singh Cheema, President, Lemon Tree Hotels Ltd., stated: "Our expansion strategy with resorts in Tadgaon and Igatpuri in Maharashtra is deeply aligned with the evolving dynamics of the drive-to hospitality sector. Urban travellers and corporate houses are increasingly prioritizing accessible, high-amenity destinations that don't require complex logistics. By introducing the Lemon Tree Resort brand to these two distinct, premium micro-markets, we are uniquely positioned to capture a highly lucrative mix of weekend leisure, multi-generational travel, and mid-to-high-level corporate retreats."

Company Background

Lemon Tree Hotels Limited operates 130+ hotels across 80+ cities in India and abroad (Dubai, Bhutan, Nepal) with a pipeline of 130+ upcoming properties. The company has seven distinct brands: Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox, Keys Prima, Keys Select, and Keys Lite.

Filing Details

  • Filed with National Stock Exchange of India Limited and BSE Limited
  • Submitted by Pawan Kumar Kumawat, Company Secretary & Compliance Officer (M. No: A25377)
  • Includes press release as enclosure
  • CIN No: L74899HR1992PLC140546