Lemon Tree Hotels goes international with Lemon Tree Hotel, Dubai
Lemon Tree Hotels share price also rose to 4 percent post opening of its first overseas hotel in Dubai.
Lemon Tree Hotels Limited, through its management subsidiary Carnation Hotels Pvt. Ltd., announced the international debut of the company, with the launch of the first Lemon Tree Hotel in Dubai. Lemon Tree Hotels Limited is India’s largest hotel chain in the mid-priced hotel sector, and the third largest overall.
The hotel, owned by Al Waleed Real Estate LLC, is located on Al Wasl Road, less than a kilometre from Sheikh Zayed Road and Jumeirah Open Beach, and is the first branded midscale hotel in the area. The hotel features 114 well-appointed rooms, complemented by a multi-cuisine restaurant, Lemon Tree Café, with a beautiful al fresco extension, a conference room, a swimming pool, a well-equipped fitness center and more.
Speaking on the occasion, Rattan Keswani, Deputy Managing Director – Lemon Tree Hotels and Director – Carnation Hotels, said, “We are delighted to enter Dubai with our partners Al Waleed Real Estate. This is our first hotel in the UAE, and we feel that it holds immense business potential. We have a locational advantage, with the hotel strategically situated close to famous destinations like Burj Al Arab, Kite beach and the Mall of Emirates, and are equidistant from Business Bay and JLT, the two major business districts of Dubai. Such is our proximity to the Burj Al Arab, that our guests can enjoy unhindered views of the iconic building from the pool deck, and even some of the rooms.”
He further added, “The addition of this hotel opens a new location for the brand, thereby increasing our appeal to our existing and potential customers. We are confident that our partnership will enjoy mutually beneficial results within a reasonable stabilization period after the launch. The UAE and GCC is a resilient market in the long term and we could foresee the need for a recognized mid-market hotel in the branded space. We hope to have many more hotels in the region in the future.”
Important city landmarks like Kite Beach, Dubai Marina, The Walk at JBR, Souk Madinat Jumeirah and Palm Jumeirah are all easily accessible from the hotel. Travellers to the city can also explore the iconic Burj Khalifa, the tallest building in the world, as well as the neighbouring Dubai Mall, Dubai’s largest shopping mall, and fashionable shopping hubs, inviting eateries and trendy nightlife destinations across Dubai. The hotel is also well connected by road and air to the other Emirates, including Abu Dhabi, Ajman, Fujairah, Ras Al Khaimah, Sharjah and Umm Al Quwain.
The share price of Lemon Tree Hotels Limited rose 4 percent in the morning trade on December 20 owing to the opening of Lemon Tree Hotel, Dubai.