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The hotel is expected to commence operations in FY 2026, further expanding Lemon Tree’s footprint in Gujarat, Lemon Tree Hotels said in a regulatory filing.
Lemon Tree Hotel, Bhuj, Gujarat will feature 74 well-appointed rooms, a restaurant, meeting rooms, a banquet, a swimming pool, a fitness center and other public areas. The Bhuj Airport is about 9 kms away while the Bhuj Railway Station is about 4 kms away from the property.
Also Read: Lemon Tree Hotels plans 80-room property in Ayodhya
Bhuj, a historic city in Gujarat, is known for its rich cultural heritage and craftsmanship. It is the administrative capital of the Kutch district, featuring landmarks like the Aina Mahal and nearby Bhujodi village, famous for handwoven textiles.
Vilas Pawar, CEO of Managed & Franchise Business, Lemon Tree Hotels, said, “We are delighted to strengthen our portfolio in Gujarat, a state known for its arts, crafts as well as enterprising spirit of its residents.
By expanding our footprint across different states and cities, we aim to make Lemon Tree Hotels the most preferred brand across different segments. This opening will be in addition to our seven existing and 12 upcoming hotels in the state.”
Also Read: Lemon Tree Hotels announces new property in Ujjain, hotel set to open in FY27
Lemon Tree Hotels reported a 32.6% year-on-year (YoY) surge in net profit at ₹35 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Lemon Tree Hotels posted a net profit of ₹26.4 crore, the company said in a regulatory filing.
The company’s revenue from operations increased 24% to ₹284.4 crore as against ₹ 229.4 crore in the corresponding period of the preceding fiscal. At the operating level, EBITDA rises 25.6% to ₹130.8 crore in the second quarter of this fiscal over ₹104 crore in the corresponding period in the previous fiscal.
On Friday (December 13), shares of Lemon Tree Hotels Ltd ended at ₹147.85, up by ₹1.25, or 0.85% on the BSE.
