Lemon Tree has forayed into Dubai and the Middle East with the signing of a license agreement for a 114-room hotel in Dubai under the brand, Lemon Tree Hotel . The hotel is expected to be operational by June 2019. Carnation Hotels Private Limited, the hotel management arm of the company, will be operating and marketing this hotel. Shares of Lemon Tree Hotels slipped 0.94 per cent at ₹68.30 on the NSE.

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