Lemon Tree Hotels signs new Mcleodganj hotel, to open next September

New Delhi Hospitality company Lemon Tree Hotels Ltd said it has signed a new hotel in Mcleodganj, Dharamshala, in Himachal Pradesh. The 39-room hotel is owned by MK Enterprises and is scheduled to open in September next year.

Mcleodganj, a hill station suburb of Dharamshala, is located in Kangra district. The hotel will have a restaurant, bar, conference room, swimming pool and fitness center.

The move will help the company focus on a key market, Ratan Keswani, deputy managing director of the company, said. “Mcleodganj is a very popular tourist destination. With the growing opportunities and attractions in the area, this hotel will cater to these premium and high demand micro markets.”

Lemon Tree Hotels, which has 87 hotels in the country, reported an 84.3% increase in its total consolidated revenue for the second quarter of 2021-22 in NS98.82 crore Rs. The company reported that revenues increased by 123.2 percent compared to the previous quarter. Consolidated net loss for the quarter year-over-year has been reduced to NS20.82 crores from NS37.13 crore Rs.

According to hospitality consultancy HVS Anarock, on average across India, there was a 1-3% increase in average daily rates in September over the previous month. It added that the average daily rate, or ADR, in September was NS4,200 NS4,400 nights in hotels across the country. ADR is a measure of the effectiveness of room rate management. By the end of 2020, the ADR had declined and was much lower by 14-17% compared to 2019.

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