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Lemon Tree Hotels Signs Pacts to Open Two New Resorts in Maharashtra, India

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Hospitality company Lemon Tree Hotels (NSE:LEMONTREE, BOM:541233) has signed license agreements for two new resorts in Maharashtra, India, according to a Thursday filing to the Indian stock exchanges.

The two properties, Lemon Tree Resort, Tadgaon, and Lemon Tree Resort, Igatpuri, will be managed by the company's wholly-owned subsidiary, Carnation Hotels.

While the Tadgaon resort will have 110 rooms, the Igatpuri hotel will have 90 rooms.

With these two new signings, the company will have 32 properties in Maharashtra, with 15 operational and 17 in the pipeline.

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