Lemon Tree adds Sri Ganganagar property, Rajasthan footprint hits 23 hotels
Lemon Tree Hotels has opened a new property in Sri Ganganagar, taking its Rajasthan network to 23 hotels under managed-arm Carnation Hotels. The opening signals continued tier-2/3 push in a high-tourism state, with Carnation deepening its role as the asset-light expansion vehicle.
Lemon Tree Hotels opened a new property in Sri Ganganagar, Rajasthan, expanding its state network to 23 hotels, managed by subsidiary Carnation Hotels. Apollo Hospitals settled an RBI compounding case by paying Rs 17.8 crore.
Why this matters
Follows Lemon Tree's 66-room Kumbakonam signing in Tamil Nadu and Warburg-led $185M Q1 hotel investment surge, underscoring an aggressive asset-light tier-2/3 expansion playbook.
Store-opening activity steady with 247 signals in the last 90 days.