StockWatch
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Hotels & Resorts
Property13 Aug 2026, 05:51 pm

Lemon Tree Hotels Signs License Agreement for Lemon Tree Premier, Visakhapatnam

AI Summary

Lemon Tree Hotels Limited has announced the signing of a License Agreement for 'Lemon Tree Premier, Visakhapatnam'. This property will be managed by its wholly-owned subsidiary, Carnation Hotels Private Limited. The hotel will feature 110 rooms and various amenities including a restaurant, banquet hall, fitness center, and swimming pool. This signing marks the group's third property in Visakhapatnam and thirteenth in Andhra Pradesh, expanding its upscale offerings in a key economic and tourism hub. The company aims to cater to both business and leisure travelers, leveraging the city's growing demand across corporate, leisure, and MICE segments.

Key Highlights

  • New hotel signing: Lemon Tree Premier, Visakhapatnam.
  • Managed by subsidiary Carnation Hotels Private Limited.
  • Expands group's footprint to 3 properties in Visakhapatnam.
  • Adds upscale offering to complement existing brands in the city.