Lemon Tree Hotels Expands Maharashtra Portfolio with New 55-Room Property in Akola
Lemon Tree Hotels has announced the signing of a new 55-room Keys Prima property in Akola, Maharashtra, managed by its subsidiary Carnation Hotels Private Limited. This strategic expansion brings the company's total Maharashtra portfolio to 28 hotels, comprising 15 operational and 13 upcoming properties, reinforcing its presence in the state's emerging commercial centres.
*this image is generated using AI for illustrative purposes only.
Lemon Tree Hotels Limited has announced the signing of a license agreement for a new Keys Prima property in Akola, Maharashtra, marking another strategic expansion in one of India's most economically active states. The development reinforces the company's commitment to strengthening its presence across Maharashtra's emerging commercial centres and boosting its total collection to fifteen operational and thirteen upcoming hotels in the state.
Property Details and Strategic Location
The new hotel will operate under the Keys Prima by Lemon Tree Hotels brand and will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited. Located in Akola, a key commercial and agricultural centre in the Vidarbha region, the property is positioned to serve the growing business and regional travel demand.
| Parameter: | Details |
|---|---|
| Rooms: | 55 well-appointed rooms |
| Location: | Akola, Maharashtra |
| Management: | Carnation Hotels Private Limited |
| Brand: | Keys Prima by Lemon Tree Hotels |
| Distance from Airport: | Approximately 265 km from Dr. Babasaheb Ambedkar International Airport |
| Distance from Railway: | 4.4 km from Akola Junction railway station |
Comprehensive Amenities and Facilities
The hotel will offer a complete range of amenities designed to cater to both business and leisure travellers. The property will feature:
- Restaurant for dining services
- Banquet hall for events and celebrations
- Conference room for business meetings
- Fitness centre for health and wellness
- Swimming pool for recreation
- Spa facilities for relaxation
These amenities position the property to serve corporate travellers, trade visitors, and regional transit demand effectively.
Maharashtra Portfolio Expansion
With this new signing, Lemon Tree Hotels now operates 28 hotels in Maharashtra, demonstrating significant presence across the state. The portfolio composition includes:
| Portfolio Status: | Count |
|---|---|
| Operational Properties: | 15 hotels |
| Pipeline Properties: | 13 hotels (including this signing) |
| Total Maharashtra Portfolio: | 28 hotels |
Management Commentary
Commenting on the development, Mr. Vilas Pawar, CEO – Managed & Franchise Business, Lemon Tree Hotels, highlighted the strategic importance of the location: "Akola's growing commercial relevance within the Vidarbha region makes it a strategic addition to our Maharashtra portfolio. As business activity expands beyond the state's primary metros, we see strong opportunity in emerging regional centres that require quality branded hospitality."
Market Positioning
Akola's significance as a commercial and agricultural centre, particularly known for cotton production and strong trading ecosystem, makes it an attractive destination for business travel. The city continues to witness steady regional development supported by infrastructure growth and expanding business activity, positioning it as an important economic node in Central India.
This signing reflects Lemon Tree Hotels' continued focus on deepening its presence across Maharashtra's growth corridors, strategically aligning portfolio expansion with evolving business and regional travel demand patterns.
Historical Stock Returns for Lemon Tree Hotels
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.63% | -5.64% | -8.35% | -31.19% | -9.63% | +178.26% |
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