Lemon Tree Hotels rises on launching franchised property in Himachal Pradesh
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Lemon Tree Hotels is currently trading at Rs. 94.22, up by 0.59 points or 0.63% from its previous closing of Rs. 93.63 on the BSE.
The scrip opened at Rs. 93.64 and has touched a high and low of Rs. 94.50 and Rs. 93.64 respectively. So far 21468 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 103.30 on 01-Dec-2022 and a 52 week low of Rs. 59.75 on 04-Jul-2022.
Last one week high and low of the scrip stood at Rs. 95.00 and Rs. 92.42 respectively. The current market cap of the company is Rs. 7447.12 crore.
The promoters holding in the company stood at 23.61%, while Institutions and Non-Institutions held 35.10% and 41.29% respectively.
Lemon Tree Hotels has launched latest franchised property - Lemon Tree Hotel, Manali, Himachal Pradesh. This property features 34 well-appointed rooms, a restaurant, a bar, a fitness center and more. It offers a perfect blend of comfort, style, and connectivity, making it a preferred choice among travellers.
The Bhuntar Airport is about 37 kms from the property while the main town of Manali is just 11 kms away. The property is connected by both public and private transport to all the major cities in India. The magical hill station of Manali, at the northern end of the Kullu Valley in Himachal Pradesh, has evolved as a much-loved destination for all travellers. With its ambient cafes, small eateries and convenient shops, Old Manali holds a quaint appeal for travellers. Apart from vacations and workations, Manali is the perfect destination for embarking on treks, as well as an important pit-stop for bikers heading to Ladakh.
Solang Valley, at a distance of 13 kms, is one of the most popular tourist destinations in Himachal Pradesh. During winter, its snow-covered slopes attract skiers from across the globe. At 2,050 metres above sea level, it is also the ultimate location for paragliding, with its beautiful green valleys, stark blue skies, and snow-capped mountain peaks.
The Atal Tunnel, the highest highway single-tube tunnel above 3,048 mtrs. in the world, is 28 kms away. This has reduced the distance between Manali and Keylong on the way to Leh by 80 km. The Rohtang Pass, at a distance of 36 kms, attracts visitors with its rugged charm and unspoiled landscapes.
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.
