STOCKWATCH
·
Hotels & Resorts
Joint Venture23 Aug 2024, 10:05 pm

Lemon Tree Hotels Ltd. Signs Aurika, Surat in Gujarat Under Upscale Brand Aurika Hotels & Resorts

AI Summary

Lemon Tree Hotels Ltd. has signed a License Agreement under its upscale brand, Aurika Hotels & Resorts, with Aurika, Surat in Gujarat. The property, operated by Camation Hotels Pvt. Ltd, is expected to open in FY 2030 and will feature 175 aesthetically designed rooms and suites, along with dining and banquet facilities, a swimming pool, and a spa. Surat is known for its diamond cutting and polishing industry, silk and synthetic fabrics production, historical landmarks, and culinary diversity.

Key Highlights

  • Lemon Tree Hotels Ltd. signs a new property in Surat, Gujarat under the Aurika Hotels & Resorts brand
  • The property is expected to open in FY 2030 and shall be operated by Camation Hotels Pvt. Ltd.
  • Aurika, Surat will feature 175 aesthetically designed rooms and suites, along with dining, banquet facilities, a swimming pool, and a spa
  • Surat is known as the 'Diamond City of India' and 'Silk City', and offers a rich cultural and economic heritage
  • The signing marks the second Aurika property in Gujarat for Lemon Tree Hotels Ltd., strengthening their presence in the state
LEMONTREE
Hotels & Resorts
Lemon Tree Hotels Ltd

Price Impact