Lemon Tree Hotels signs their first hotel in Dubai with Al Waleed Real Estate

Dubai, 16th November 2018: Lemon Tree Hotels Limited, through its management subsidiary Carnation Hotels Pvt. Ltd., announced its latest signing for the first Lemon Tree Hotel in Dubai. Lemon Tree Hotels Limited is India’s largest hotel chain in the mid-priced hotel sector, 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.

The hotel, owned by Al Waleed Real Estate LLC, is expected to launch in the third quarter of the coming year.

Located on Al Wasl Road, this will be the first midscale hotel in the area. The hotel will feature 114 well-appointed rooms and suites, complemented by a multi-cuisine restaurant, Citrus Café, with a beautiful al fresco extension, a conference room, Tangerine, a swimming pool, a well-equipped fitness center and more.

Speaking on the occasion, Mr. Rattan Keswani, Deputy Managing Director – Lemon Tree Hotels and Director – Carnation Hotels, said, “We are delighted to enter Dubai with our partners Al Waleed Real Estate. This is our first hotel in the UAE, and we feel that it holds immense business potential. We have a locational advantage, with the hotel strategically situated in proximity to famous destinations like Burj Al Arab, Kite beach and the Mall of Emirates, and equidistant from Business Bay and JLT, the two major business districts of Dubai. The addition of this hotel opens a new location for the brand, thereby increasing our appeal to our existing and potential customers.”

Al Waleed Real Estate LLC, a multi-disciplinary real estate development and investment company, has proven itself to be a dynamic and progressive enterprise, positioning itself as one of the leading privately-owned real estate companies in the GCC.

Mohammed Abdulrazzaq Abdul Aziz Al Mutawa, CEO of Al Waleed Real Estate LLC commented, “We are pleased to announce our partnership with Lemon Tree Hotels for our upcoming hotel in Dubai. There was a need for a mid-scale hotel of this calibre in this location, and we found Lemon Tree Hotels to be the best partner for the project, taking into account that India has been the largest source into Dubai, as well as the UAE as a whole, for over three years now.”

Dubai Tourism reported 15.8 million overnight visitors last year, and given the proximity to the UAE, India is unsurprisingly the Emirate’s largest source market for the fourth year running, contributing over 13% to the total figure.

ABOUT LEMON TREE HOTELS LIMITED

Lemon Tree Hotels Limited is India’s largest hotel chain in the mid-priced hotel sector, 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. We operate in the mid-priced hotel sector, consisting of the upper-midscale, midscale and economy hotel segments. We seek to deliver differentiated yet superior service offerings, with a value-for-money proposition.

We opened our first hotel with 49 rooms in May 2004 and currently operate ~5000 rooms in 51 hotels (including managed hotels) across 31 cities. By FY 2021, we will be operating 82 hotels with over 8,400 rooms, across 55 cities (as of October 2018).

Lemon Tree hotels are currently 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.

To know more, visit www.lemontreehotels.com

ABOUT CARNATION HOTELS PVT. LTD.

Carnation Hotels has been set up in 2012 with Rattan Keswani at the helm as Co-Promoter and Director. Rattan brings with him over three decades of experience with The Oberoi Group and was last President of eleven Trident Hotels in India.

Carnation Hotels is a joint venture between Rattan Keswani and Lemon Tree Hotels, India’s fastest growing chain of midscale business and leisure hotels, founded in September 2002 by Patu Keswani.

Carnation Hotels currently operates 21 hotels across India, with an inventory of just under 1600 rooms. As of October 2018, a total of 26 properties are under development, across India, Bhutan and Nepal, bringing the committed managed inventory to over 3500 rooms by 2021.

ABOUT AL WALEED REAL ESTATE LLC

Al Waleed Group, established in 1994, is a diversified real estate development and investment company, which has proven itself to be a dynamic enterprise and one of the leading privately-owned real estate developers in the GCC, with investments internationally in India, Jordan and United Kingdom. Our company is managed and operated by staff who is highly professional and have rich experience in every aspect of the Real Estate market and have a commitment to professionalism and customer service that remains the core of our business philosophy today, be it residential or commercial properties. Our motto: providing unmatched levels of customer service and attention. Our development in real estate include residential buildings/towers, commercial buildings, hotels, hospital etc.

The group has investment in the business like Money Exchange, Travel & Tours, Hospitality, Contracting & Facility Management.

To know more, visit www.alwaleedre.com

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