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Last Updated : Jan 11, 2019 11:38 AM IST | Source: Moneycontrol.com

Lemon Tree Hotels gains 3% on signing a license agreement for resort property

The hotel is expected to be operational by March, 2021.

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Shares of Lemon Tree Hotels added 3.5 percent intraday Friday after company signed a license agreement for resort property located at Dindi,

Andhra Pradesh.

The company has signed a license agreement for a 50 room resort property under the company's brand Lemon Tree Premier.

The hotel is expected to be operational by March, 2021.

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Carnation hotels, the hotel management arm of the company will be operating and marketing this hotel.

At 11:25 hrs Lemon Tree Hotels Ltd. was quoting at Rs 71.90, up Rs 1.55, or 2.20 percent on the BSE.

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First Published on Jan 11, 2019 11:37 am
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