Lemon Tree Hotels Limited has signed a licence agreement for a new hotel property in Kumbakonam, Tamil Nadu, as the hospitality chain continues to expand its presence in South India. According to reports from CNBC TV18, the property will be branded as Lemon Tree Hotel, Kumbakonam and will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels. The latest development marks the company's continued expansion in Tamil Nadu, bringing its total number of hotels in the state to eight properties.
With the latest signing, Lemon Tree Hotels said its footprint in Tamil Nadu will increase to eight hotels, including six operational properties and two upcoming hotels. As reported by CNBC TV18, the company stated that the expansion aligns with its strategy of strengthening its presence across key cultural, tourism and commercial destinations in South India. The property will feature 66 rooms along with a multi-cuisine restaurant, banquet hall, meeting room, swimming pool, spa and fitness centre, catering to both leisure and business travellers.
The property is strategically located around 101 km from Tiruchirappalli International Airport and approximately 300 metres from Kumbakonam Railway Station. According to CNBC TV18, Kumbakonam is known as a prominent heritage and spiritual destination in South India, which has been witnessing growing demand from pilgrims, cultural travellers and business visitors. The city's growing connectivity and transit movement have increased the demand for quality hospitality services, making it a strategic location for Lemon Tree Hotels. The hotel is conveniently located with an accessible drive of under two hours from the airport.
Commenting on the development, Neelendra Singh, Managing Director of Lemon Tree Hotels, said expanding across India's major spiritual destinations remains a strategic focus for the company and that Kumbakonam presents an opportunity to cater to a steady flow of pilgrims and cultural travellers. As reported by CNBC TV18, the company stated that the addition also supports its broader expansion roadmap across Tier II and Tier III markets in India. Singh highlighted Kumbakonam's status as a bustling heritage city with a steady flow of pilgrims and cultural travellers, making it an ideal location for the Lemon Tree brand.
Shares of LEMONTREE closed 3.17% higher at ₹116.90 on the NSE on Monday, according to CNBC TV18. The positive market response reflects investor confidence in the company's strategic expansion into temple tourism markets and its broader growth plans across Tier II and Tier III cities in India. This development aligns with Lemon Tree Hotels' strategy to expand across high-potential Tier II and Tier III markets, strengthening its presence along crucial economic, spiritual, and transit corridors in India.
