Lemon Tree adds 200 keys in Maharashtra with Tadgaon, Igatpuri resort signings
Lemon Tree Hotels signed two leisure resorts in Maharashtra — 110 rooms in Tadgaon and 90 in Igatpuri — through subsidiary Carnation Hotels. The signings push its Maharashtra portfolio to 32 properties (15 operational, 17 under development), targeting drive-to leisure and Mumbai-Pune corporate demand.
What happened
Lemon Tree Hotels signed two new resorts in Maharashtra's Tadgaon (110 rooms) and Igatpuri (90 rooms), adding 200 keys to its pipeline. Maharashtra portfolio
Key facts
- 200 keys
- 110 rooms
- 90 rooms
- 32 properties
- 15 operational
- 17 under development
- ₹111.90
- -3.23%
Why this matters
Maharashtra portfolio scaling to 32 properties (17 still under development) signals concentrated state-level bets — watch for follow-on signings in tier-2 leisure nodes and potential consolidation opportunities among unbranded resort operators in the corridor.