Lemon Tree Hotels Inks New Property Agreement in Jharkhand

On Monday, July 15, Lemon Tree Hotels announced that it has finalised a franchise deal for a new hotel in Ranchi, Jharkhand.

Key Takeaways from Lemon Tree Hotels’ Agreement 

• Lemon Tree Hotels finalised a franchise deal for a new hotel in Ranchi, Jharkhand.
• The hotel is expected to open by the end of FY25.

Lemon Tree Hotels will franchise the hotel, which is anticipated to debut in the financial year 2025. Lemon Tree Hotels, Ranchi will have 45 well-appointed rooms, a restaurant, a bar, banquet halls, conference rooms, a swimming pool, a fitness facility, and other public spaces.

The hotel is easily accessible from all major Indian cities by public and private transportation. It has 42 well-appointed rooms, Slounge - a hip leisure bar, Republic of Noodles - an award-winning Pan-Asian restaurant, a function hall, a well-equipped fitness facility, and other public areas. 

The company's consolidated net profit fell 11.43% to Rs 35.40 crore in Q3 FY24, despite a 23.60% growth in revenue from operations to Rs 288.69 crore vs Q3 FY23. 

About Lemon Tree Hotels Limited

Lemon Tree Hotels Limited (LTHL) is one of India's leading hotel chains, owning, leasing, operating, and franchising hotels in the upscale, upper-midscale, midscale, and economical categories. The company provides distinct yet superior service solutions with a compelling value proposition. The firm has seven brands to fulfill the demands of customers at different levels, including Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox Hotels by Lemon Tree Hotels, Keys Prima by Lemon Tree Hotels, Keys Select by Lemon Tree Hotels, and Keys Lite by Lemon Tree Hotels. LTHL established its first hotel, with 49 rooms, in May 2004. 

With more than 60 hotels slated to open in India and other countries, the firm now boasts a portfolio of more than 160 hotels, of which more than 100 are currently in operation. There are Lemon Tree Hotels in many tier I, II, and III cities like Pune, Ahmedabad, Chandigarh, Jaipur, Indore, Aurangabad, Udaipur, Visakhapatnam, Kochi, Ludhiana, Thiruvananthapuram, Vijayawada, and so on, in addition to metro areas like the NCR, Mumbai, Kolkata, Bengaluru, Hyderabad, and Chennai. The firm opened hotels in Bhutan in February 2020, Nepal in April 2024, and Dubai in December 2019 as part of its global expansion.

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