Lemon Tree Hotels is proud to announce the signing of its newest property, Lemon Tree Hotel, Ujjain, Madhya Pradesh. The property is expected to open in FY 2027 and shall be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited.
Ujjain, a historic city in Madhya Pradesh, India, is celebrated for its deep spiritual and cultural significance. Known as the "Spiritual Capital of India," it is home to the revered Mahakaleshwar Temple, one of the twelve Jyotirlingas dedicated to Lord Shiva, attracting millions of pilgrims annually. Ujjain's role as a major pilgrimage site extends to Hindus, Jains, and Buddhists, with the city playing a central part in the Kumbh Mela, a grand Hindu festival held every 12 years. Its rich blend of ancient temples, historical monuments, and vibrant street markets offers visitors an immersive experience into India's spiritual and cultural tapestry.
Lemon Tree Hotel, Ujjain, Madhya Pradesh will feature 72 well-appointed rooms, a restaurant, a bar, a swimming pool and other public areas. The Devi Ahilyabai Holkar International Airport, Indore is approximately 50 kms away while the Ujjain Railway Station is 4 kms away. The hotel is well connected by roadways for both public and private transport.
Speaking on the occasion, Mr. Vilas Pawar, CEO - Managed & Franchise Business, Lemon Tree Hotels, remarked, "Spiritual destinations have seen a renewed interest and there has been a marked uptick in the number of pilgrims visiting places of religious and spiritual significance. Being the "Spiritual Capital of India", Ujjain is on the must-visit list for pilgrims and we are thrilled to expand our presence in the city." This opening will be in addition to our four existing and two upcoming hotels in the state.
Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 132.70 as compared to the previous close of Rs. 133.35. The total number of shares traded during the day was 81917 in over 901 trades.
The stock hit an intraday high of Rs. 134.05 and intraday low of 132.10. The net turnover during the day was Rs. 10880524.00. |
