Shares of Lemon Tree Hotels Ltd were trading in the red on 4 November despite the company announcing the opening of its newest managed property, Lemon Tree Hotel, Mall of Dehradun, bolstering its foothold in northern India and expanding into Uttarakhand.  

With this expansion, the business now has eight hotels in the state, with nine more in planning.

The newly completed hotel has 98 rooms and suites, Citrus Café, a multi-cuisine restaurant, and banquet facilities called Tangerine 1 and Tangerine 2. The furnishings are created in Lemon Tree’s characteristic contemporary style and include the brand’s distinct lemon smell.

Located in the Doon Valley at the foothills of the Himalayas, the hotel provides guests with a magnificent site surrounded by the Song River, a tributary of the Ganges, and the Asan River, a tributary of the Yamuna. Dehradun’s attraction as a destination, which is known for its scenic environment, pleasant climate, educational institutions, and closeness to Mussoorie, adds to the property’s allure.

The resort is located within the Mall of Dehradun, Uttarakhand’s largest shopping mall, which has top national and international retail brands, providing guests with easy access to shopping and entertainment.

Vishvapreet Singh Cheema, President, Lemon Tree Hotels, said, “With the opening of Lemon Tree Hotel, Mall of Dehradun, Dehradun, we are pleased to extend our signature comfort and warmth to travellers visiting Dehradun, where we already have two hotels. Its prime location will give the guests multiple recreation and shopping options.”

At 11:40 am, the shares of Lemon Tree Hotels were trading 0.39% lower at Rs 167.64 on NSE. 

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