Lemon Tree Hotels and RJ Corp Form Joint Venture for Aurika Shillong Project
Lemon Tree Hotels' wholly owned subsidiary, Carnation Hotels, has executed a Joint Venture Agreement with RJ Corp for the development of the Aurika Shillong project. The partnership involves a fresh equity issuance in the special purpose vehicle Arum Hotels, resulting in a 51:49 shareholding structure.
Kamat Hotels Signs Management Deal for Second 63-Room Orchid Hotel in Dwarka
Kamat Hotels (India) Limited has entered into a management and operations agreement for its second luxury property in Dwarka, Gujarat. Operating under the flagship The Orchid brand, the 63-room hotel aims to capitalize on rising spiritual tourism and is scheduled to be fully operational by December 2026.