Lemon Tree Hotels gains on opening Lemon Tree Premier in Bhubaneswar
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Lemon Tree Hotels is currently trading at Rs. 30.45, up by 0.30 points or 1.00% from its previous closing of Rs. 30.15 on the BSE.
The scrip opened at Rs. 30.85 and has touched a high and low of Rs. 30.85 and Rs. 30.05 respectively. So far 38397 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 49.45 on 08-Dec-2020 and a 52 week low of Rs. 13.80 on 21-May-2020.
Last one week high and low of the scrip stood at Rs. 31.35 and Rs. 27.50 respectively. The current market cap of the company is Rs. 2408.43 crore.
The promoters holding in the company stood at 25.88%, while Institutions and Non-Institutions held 38.25% and 35.87% respectively.
Lemon Tree Hotels, through its management subsidiary Carnation Hotels, has opened the 76 keyLemon Tree Premier, Bhubaneswar. This is the first property of the brand in the temple city of Bhubaneswar in Odisha. The ancient city, dotted with beautiful and historic temples, pulls in travelers and devotees from all over the world.
The hotel's strategic location offers multiple options to explore the city's cultural and architectural marvels, as well as the business destinations and traditional markets. The hotel features 76 well-appointed rooms and suites, which combine understated elegance and old world charm with modern amenities and facilities. The contemporary interiors and the inspiring artwork of this hotel make for a setting that is refreshing, while still reflecting a touch of the city's heritage in the artefacts.
Lemon Tree Hotels 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.
