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| Exchange Received Time 09/07/2018 12:15:51 Exchange Disseminated Time 09/07/2018 12:15:58 Time Taken 00:00:07 | With reference to the captioned subject, we are pleased to inform opening of a hotel under brand name 'Red Fox Hotel' in Morjim, Goa on July 8, 2018. This economy segment hotel is located just near to Morjim Beach and will offer 111 stylish rooms. It also houses a multi-restaurant, Clever Fox Café and other amenities.
With opening of this Hotel, we presently operates 50 Hotels including managed properties across 31 cities.
About Lemon Tree Hotels
Lemon Tree Hotels (LTH) is the largest mid-priced hotel sector chain, and the third largest overall, on the basis of controlling interest in owned and leased rooms, as of June 30, 2017, according to the Horwath Report. LTH operates in the mid-priced hotel sector, consisting of the upper midscale, midscale and economy hotel segments and seeks to cater to Indian middle class guests and deliver differentiated yet superior service offerings, with a value-for-money proposition.
LTH opened its first hotel with 49 rooms in May 2004 and plans to operate 78 hotels with 8,187 rooms, across 54 cities by FY2021.
Lemon Tree hotels are located across India, in metro regions, including the NCR, Bengaluru, Hyderabad and Chennai, as well as tier I and tier II cities such as Pune, Ahmedabad, Chandigarh, Jaipur, Indore and Aurangabad. New hotels will open shortly in Mumbai, Pune, Kolkata and Udaipur.
Please take the above intimation on record and kindly acknowledge.
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