Lemon Tree Hotels signs their first hotel in DaogiT E L 5 with Al Waleed Real Estate
Dubai UAE
Sallam Sallam
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. The signing of the agreement was facilitated and supported by Raine & Horne, Dubai, the official representatives for Carnation Hotels in GCC
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, anegiV thee
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.
In 2016, Raine & Horne Dubai, the leading Australian real estate franchise group’s regional office, had announced its appointment as the GCC representatives of Carnation Hotels. The company has undertaken to support the objective of assisting with the opening multiple Lemon Tree Hotels in the region, through the management subsidiary, by identifying properties, managing the relationships and executing the agreements
Mr. Sanjay Chimnani, Managing Director, Raine & Horne Dubai, added, “We had foreseen a huge potential for quality midscale hotels, and found a large opportunity in the market for an established brand like Lemon Tree Hotels, who boast an aggressive distribution network across India, and a significant number of travel operators who act on their behalf internationally. We are happy to have leveraged our regional property expertise to facilitate the first signing of Lemon Tree Hotels in the region, and are in talks with numerous hotel owners to expand the brand across the GCC”
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
HOTELS
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. A total of 26 properties are under development, across India, Bhutan and Nepal, bringing the committed managed inventory to over 3500 rooms by 2019
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
ABOUT RAINE & HORNE
In 1883, real estate pioneers Tom Raine & Joseph Horne opened the doors of Australia’s iconic property firm Raine & Horne for the first time. Operating from Wentworth Court, Elizabeth Street in Sydney, Raine & Horne adhered to a set of business practices that have been maintained to the present day. The property pioneers committed to personalised service & to meeting a client’s property needs across sales, leasing, management & consulting services for all types of property. With a network of over 350 offices, Raine & Horne continues to strengthen, grow & evolve
Raine & Horne has achieved enviable status as an officially recognised Superbrand. The company was voted as one of the most trusted brands by Superbrands Council, a voluntary panel of highly respected and experienced individuals from the fields of
Raine&Horne
lemon Tree
business and marketing. Raine & Horne shares this enviable rating with 4’4 liks”of iconic Australian brands such as Qantas, American Express, Vegemite, Woolworths & Myer
ABOUT RAINE & HORNE DUBAI
The Dubai office was recently established in a bid to continue the tradition of providing cutting-edge services to client’s and developers in the booming metropolis of the Middle East. Raine & Horne Dubai provides a range of real estate services including: residential sales, commercial sales, leasing, property research, property and asset management, project and land marketing.
Raine & Horne Dubai has the full backing of Raine & Horne International who support us with their systems, processes, knowledge and training. Raine & Horne’s vast resources, including its strong international network of 350 offices give us a competitive advantage over other smaller players
Our strengths include immediate, specialised knowledge and advice about local trends and market conditions. All advertising undertaken on behalf of our clients’ benefits from Raine & Horne’s strong corporate reputation, which boasts of striking impact, maximum exposure and a better overall response
