ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • India
    • Economy
    • Politics
    • Markets
  • World
    • Economy
    • Politics
    • Markets
  • Companies
    • Auto
    • Banking & Financial Services
    • Pharma
    • Energy
    • Infrastructure
    • Media
    • IT
    • Telecom
    • Consumer Products
    • Aviation
    • FMCG
  • Personal Finance
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
  • Mutual Funds
  • Technology
  • Automobile
    • Cars
    • Bikes
  • Small Business
    • SME
    • Startups
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
    • AUTHORS
Home » India News

Lemon Tree Hotels forays into Coimbatore

  • Twitter
  • Facebook
  • GPlus
Updated: Fri, Nov 03, 2017
03:58 pm
PTI
RELATED NEWS
Gold hovers near 10-month peak amid steady dollar after Fed minutes Gold hovers near 10-month peak amid steady dollar after Fed minutes
GLobal Markets: Asia shares steady after Fed minutes, Aussie rallies GLobal Markets: Asia shares steady after Fed minutes, Aussie rallies
Global Markets: Asia shares steady after Fed minutes, Aussie rallies Global Markets: Asia shares steady after Fed minutes, Aussie rallies
Brazil president seeks $270 billion pension savings; Congress has doubts Brazil president seeks $270 billion pension savings; Congress has doubts
Oil near 2019 highs amid OPEC cuts, sanctions on Iran and Venezuela Oil near 2019 highs amid OPEC cuts, sanctions on Iran and Venezuela

Lemon Tree Hotels, a leading hospitality chain, forayed into the city today, opening a property here.

There were plans to increase it to 100 hotels across the country by 2022, a top company official said.

Built at a cost of Rs 35 crore, the hotel has 61 rooms and suites and offers facilities including 24X7 multi-cuisine coffee shop, a recreation bar, a gymnasium and an outdoor swimming pool, R Vijayakumar, director, Lakshna Consultants and Hoteliers, which manages the property, told reporters here.

On the future plans, Lemon Tree Hotels Deputy Managing Director Rattan Keswani said that with the present 44 hotels, both own and managed under three brands, the company plans to touch the 100-mark by 2022.

Stating that the facilities in Udaipur, Kolkata, Pune and Mumbai would be opened next year, Keswani said it would also be opening five new hotels in the Eastern part of the country in another six months.

On the growth prospects, he said the hospitality industry which witnessed a low from 2009 to 2017, was expected to pick up next year, with the increasing trend of domestic leisure travellers.

Lemon Tree Hotels had filed a Draft Red Herring prospectus two months ago with the Securities and Exchange Board of India to make an initial public offering of its equity shares, Keswani said.

However, he refused to elaborate.

On the business and marketing strategy, Vijayakumar said that the new hotel, strategically located near the airport, prominent IT parks and Codissia Grounds, would bring great value to guests travelling to the city.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

TAGS:
Economy
RELATED NEWS
Gold hovers near 10-month peak amid steady dollar after Fed minutes Gold hovers near 10-month peak amid steady dollar after Fed minutes
GLobal Markets: Asia shares steady after Fed minutes, Aussie rallies GLobal Markets: Asia shares steady after Fed minutes, Aussie rallies
Global Markets: Asia shares steady after Fed minutes, Aussie rallies Global Markets: Asia shares steady after Fed minutes, Aussie rallies
Brazil president seeks $270 billion pension savings; Congress has doubts Brazil president seeks $270 billion pension savings; Congress has doubts
Oil near 2019 highs amid OPEC cuts, sanctions on Iran and Venezuela Oil near 2019 highs amid OPEC cuts, sanctions on Iran and Venezuela

LATEST NEWS

Jio users alert! Samsung Galaxy M10, M20 sale to begin tomorrow - All you need to know

Jewar Airport: More than double return in 5 years! Why investing in land here is a realty win-win

Nifty PSU Bank Index outperforms after Rs 48,239 cr fund infusion

Stock Market Live: Sensex scales 142 points, Nifty tests 10,800 resistance; Reliance Industries, Vedanta, SAIL, Tata Steel counter gains in closing bell

Stock market guide: 10 terms you must know before investing

Is the worst finally over? This is where your bank is headed - Analysis for investors

4G contributed 92% of mobile data traffic in India in 2018: Report

OnePlus' 5G-enabled devices in Q2 2019

Rakesh Jhunjhunwala became richer by 17%, that too in just 1 day - Reason is this stock

Decoded: Very interesting! Your PAN card has a deep meaning - Know what it is

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • Amazon Prime Day
  • Income Tax
  • Bharti Airtel
  • NPA
  • Home Loan

Trending Topics

  • Farm Loans
  • 7th Pay Commission
  • Sanitary Pads
  • National Stock Exchange
  • GST

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved