The hospitality company said that the property is expected to be operational by Q3 of FY 2025 and shall be managed by Carnation Hotels, a wholly-owned subsidiary and the management arm of the company.

Lemon Tree Premier, Dehradun will feature 80 well-appointed rooms, two restaurants, a bar, a banquet hall, a swimming pool, a meeting room and other public areas. The hotel is connected by both public and private transport from all major cities in India.

This latest signing with Manohar Lal Juyal Huf in Dehradun is an addition to the eight operational hotels and five upcoming properties in Uttarakhand, the company stated.

Lemon Tree Hotels is engaged to carry out business of developing, owning, acquiring, renovating, operating, managing and promoting hotels, motels, resorts, restaurants, etc. under the brand name of Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima and Keys Lite. Also, some of the Group companies provide project management services and learning & development services.

The company reported 69.4% jump in consolidated net profit to Rs 23.46 crore on 15.7% rise in revenue from operations to Rs 222.26 crore in Q1 FY24 over Q1 FY23.

Shares of Lemon Tree Hotels were up 0.51% to Rs 108.60 on the BSE.