Lemon Tree Hotels Ltd. saw a 3% surge in its share price after the company announced the signing of its latest property, Keys Select by Lemon Tree Hotels, located in Pali, Maharashtra. Set to begin operations in FY 2026, the hotel marks another strategic expansion for the brand in Maharashtra, increasing its portfolio to 12 existing hotels and seven upcoming properties.
Pali, a scenic town in Raigad district, is renowned for its historical significance and natural beauty. The town, situated near the Western Ghats, attracts tourists with its popular trekking routes, such as Sarasgad Fort and Sudhagad Fort, along with the revered Ballaleshwar Ganapati Temple. With these attractions, Pali is quickly becoming a hotspot for nature lovers and adventure seekers.
The new Keys Select property will feature 54 well-appointed rooms, a restaurant, banquet hall, swimming pool, and a bar. With its convenient location, the hotel will be easily accessible by road, situated approximately 98 km from Chhatrapati Shivaji Maharaj International Airport and 97 km from Mumbai Central Railway Station.
Vilas Pawar, CEO – Managed & Franchise Business at Lemon Tree Hotels, commented, “We are thrilled to expand our footprint in Maharashtra and celebrate our 50th signing in FY 2025.” This announcement highlights Lemon Tree’s ongoing commitment to growth in India’s hospitality sector.
Lemon Tree Hotels shares opened at ₹128.20 and saw a high of ₹132.98, with a low of ₹127.81 in the latest trading session. The stock’s 52-week high stands at ₹162.40, while the 52-week low is ₹112.29.
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