The new property will house 75 guest rooms and villas, providing uninterrupted views of the Indian Ocean.
The 25% increase in core revenue from 2022 was bolstered by total system sales reaching THB157bn (around $4.4bn).
With the new opening, the network of Premier Inns in Ireland now includes six hotels.
The company is set to grow its management agreement share from 19% in 2023 to 38% by 2026, targeting more than 150 new agreements.
The company is actively exploring new partnerships and is in discussions with potential partners for its properties.
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Set to open in 2024, the hotel is positioned steps away from Kurfürstendamm, one of Berlin’s premier shopping streets.
The proposed hotel will occupy the top floors of the mixed-use tower located in the heart of Cairo’s NAC.
The 371-key Ginger hotel offers curated rooms designed to meet the needs of both business and leisure travellers.
Once completed, Lemon Tree Hotel, Badrinath will be managed by Carnation Hotels, a subsidiary of Lemon Tree Hotels.
The move is expected to create 400,000 hotel rooms in the country by 2028.