Lemon Tree Hotels Ltd. saw its shares climb by 3% after announcing the signing of a new property under its Keys Prima brand in Darjeeling, West Bengal. The hotel will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels, and is expected to open in FY2026.
Strategically located in the heart of Darjeeling, the hotel will offer 65 well-appointed rooms, a restaurant, a meeting room, recreational facilities, and other public areas. It is just 2.5 km from Darjeeling Railway Station and around 70 km from Bagdogra Airport, offering excellent rail and air connectivity.
Darjeeling, often called the “Queen of the Hills,” is a top tourist destination known for its colonial heritage, tea gardens, local culture, and stunning Himalayan views, including Mount Kanchenjunga.
Mr. Vilas Pawar, CEO – Managed & Franchise Business, Lemon Tree Hotels, stated, “We are excited to extend our footprint in West Bengal. This new property strengthens our strategic presence in the state, adding to our portfolio of two operational hotels and two upcoming properties.”
This expansion boosts Lemon Tree Hotels’ presence in eastern India and aligns with its broader growth strategy. With over 210 properties across India and international locations such as Dubai, Bhutan, and Nepal, including more than 110 operational hotels and 100+ in the pipeline, the brand continues its rapid growth in the hospitality sector.
Lemon Tree Hotels shares opened at ₹136.00 today, hitting a high of ₹138.00 and a low of ₹134.79 during trading. The stock remains below its 52-week high of ₹162.40 but well above the 52-week low of ₹112.20.
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