Latest news with #VilasPawar
Business Standard
10 hours ago
- Business
- Business Standard
Lemon Tree Hotels signs new property in Madhya Pradesh
Lemon Tree Hotels has signed license agreement viz Lemon Tree Resort, Limbodagari, Madhya Pradesh. The property shall be managed by the companys wholly owned subsidiary, Carnation Hotels. Lemon Tree Resort, Limbodagari, Madhya Pradesh will feature 60 well-appointed rooms, a restaurant, a banquet, a swimming pool, a fitness center, a spa and other public areas. The resort is also well-connected by road, offering easy access to both public and private transport. It is located near the super corridor and has key IT hubs nearby. Vilas Pawar, CEO - managed & franchise business, Lemon Tree Hotels commented, We are delighted to announce the expansion of our portfolio in Madhya Pradesh the heart of India. Lemon Tree Hotels is expanding its presence across the countries in cities across all tiers to become the most preferred hospitality chain across different segments. This opening will be in addition to our four existing and seven upcoming hotels in Madhya Pradesh. Lemon Tree Hotels (LTHL) is one of the largest hotel chains in India, and owns/leases/operates/franchises hotels across the upscale, upper-midscale, midscale and economy segments. The group offers seven brands to meet guests needs across all levels, viz. Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox Hotels by Lemon Tree Hotels, Keys Prima by Lemon Tree Hotels, Keys Select by Lemon Tree Hotels and Keys Lite by Lemon Tree Hotels. The company reported a 26.37% jump in consolidated net profit to Rs 84.64 crore, while revenue from operations rose 15.64% to Rs 378.51 crore in Q4 March 2025 over Q4 March 2024. Shares of Lemon Tree Hotels declined 1.98% to settle at Rs 133.45 on the BSE.
Time of India
27-04-2025
- Business
- Time of India
Chains line up for signing more properties in Jawai
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Jawai, located in the Pali district of Rajasthan about 650 kilometers from Delhi, and made famous for its leopard sightings and luxury safari camps by the uber rich, is drawing interest from budget and luxury chains two weeks ago, Lemon Tree Hotels signed a boutique property in Jawai that will come up next year, and will comprise 17 villas with their own private pools or jacuzzis, said Vilas Pawar, CEO of the managed and franchised business at the chain. Earlier this month, Radisson Hotel Group launched the Aaramgah Jawai Resort & Spa, with 22 premium rooms and 10 luxury villas. Nikhil Sharma, MD and COO, South Asia at Radisson Hotel Group said at the time of the launch that Jawai offers an 'unparalleled' blend of rich heritage, cultural authenticity, and pristine wilderness, allowing travelers to explore Rajasthan's 'true essence' beyond the traditional tourist region has gained significant popularity due to its proximity to major tourist destinations such as Udaipur, which is approximately 150 kms away, and Jodhpur, around 170 kms away. Known for its opportunities to spot wild leopards and its distinctive landscape, located on the Jawai river that flows out of the Aravalli Hills, the destination gained attention when several Bollywood celebrities headed there for vacations. The Postcard Jawai Leopard Reserve is under construction and is scheduled to open in January 2026, said Kapil Chopra, founder and CEO, The Postcard Hotel. It is being built in partnership with the Heda family office and the architectural planning is by master architect Ravi Gupta who has previously worked on both The Oberoi Rajvilas and The Oberoi Sukhvilas, said Jain, founder of Mayfair Consultants said he has secured mandates for two luxury properties that are in the early stages of development, and are aimed at international brands. 'Each property spans over 10 acres of land and will feature 14 luxury villas,' he region has gained recognition as one of the world's 'most unique' wildlife destinations, said Jaisal Singh, owner of SUJÁN Jawai, a Relais & Châteaux member property. As per its website, a 'minimum three nights stay' required at the property at the end of this year will set you back by Rs 612,000 excluding taxes and fees. Relais & Châteaux is an association and affiliation of individually owned and operated luxury hotels and Michelin starred restaurants across the world. "While we at SUJÁN have consistently maintained globally benchmarked standards, we believe it is not about tourism alone," said Singh. "It is about making a tangible positive impact, and tourism that benefits the environment, the sensitivities of wildlife as well as the communities, and to that end, I am sure that the government of Rajasthan will take all steps required to ensure that there are no violations or unplanned development that harms the beauty and coexistence that exists in Jawai," he other operational, branded properties in the region include Jawai Zinc Journey by The Fern, ITC Hotels' Welcomheritage Cheetahgarh Resort & Spa, Clarks Safari Jawai Bandh Resort, and Brij Pola, Jawai. ITC Hotels MD Anil Chadha said the chain continues to evaluate opportunities and is open to considering additional new hotels under its brands in total inventory of branded rooms in the Jawai region is pegged at approximately 150 rooms with an additional 60-80 rooms likely to get added with the new from Mayfair Consultants said the average room rate in the region fluctuates between Rs 15,000- Rs 22,000 during the lean season and rises to around Rs 45,000- Rs 60,000 during the peak season that lasts from October end till the end of per media reports, Rajasthan witnessed a record 23 crore domestic tourists and nearly 21 lakh foreign tourists in 2024. Domestic tourist arrivals in Rajasthan surged by 28% while foreign visitors increased by 21% in 2024.
