Mumbai, March 22 -- The property, which will be franchised by Lemon Tree Hotels is expected to open in FY25.

Lemon Tree Hotels, Ranchi will feature 45 well-appointed rooms, a restaurant, a bar, banquet facilities, meeting rooms, a swimming pool, a fitness center and other public areas. The hotel is connected by both public and private transport from all major cities in India.

Lemon Tree Hotels its principal activities are to carry out the business of developing, owning, acquiring, operating, managing, renovating, and promoting hotels, motels, resorts, restaurants, etc. under the brand name of Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima and Keys Lite.

The company's consolidated net profit decline...