Lemon Tree Hotels unviels new property in Telangana

Lemon Tree Hotels Ltd signed a License Agreement for Patancheru ***** property shall be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited. The hotel will feature 90 well-appointed rooms, a restaurant, banquet hall, meeting/conference room, swimming pool, fitness center and other recreational facilities. The hotel will benefit from convenient connectivity to key transportation hubs. Rajiv Gandhi International Airport, Hyderabad, is approximately 55 km from the hotel, while Ramachandrapuram (RCPT) Railway Station is approximately 5.5 km away. Opinion : Lemontree is aggressivly opeing new properties. This news will have positive effect on the stock price from mid to long term Dislaimer : I do not hold this stock. This is not a buy,sell or hold recommendation.