Lemon Tree Hotels rises on signing new property in Kharar near Chandigarh
Lemon Tree Hotels is currently trading at Rs. 65.80, up by 0.75 points or 1.15% from its previous closing of Rs. 65.05 on the BSE.
The scrip opened at Rs. 66.30 and has touched a high and low of Rs. 66.40 and Rs. 65.45 respectively. So far 120272 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 71.40 on 13-Apr-2022 and a 52 week low of Rs. 32.00 on 26-Apr-2021.
Last one week high and low of the scrip stood at Rs. 66.65 and Rs. 63.45 respectively. The current market cap of the company is Rs. 5153.56 crore.
The promoters holding in the company stood at 23.95%, while Institutions and Non-Institutions held 40.88% and 35.17% respectively.
Lemon Tree Hotels has signed new property in Kharar near Chandigarh. This hotel, owned by Omni Pacific Colonisers is expected to open by November 2025, and shall be managed by Carnation Hotels, a subsidiary and the management arm of Lemon Tree Hotels. Positioned in the urban region of Punjab, it is among the 4 blocks of Sahibzada Ajit Singh Nagar district. Kharar is a fast-growing business and cultural hub in Punjab that has many tourist attractions to explore. From Gurudwaras and temples to amusement parks, gardens, lakes, and sanctuaries, the city has everything to delight a traveler.
Located in the Mohali region, this property will feature 60 well-appointed rooms, complemented by a multi-cuisine restaurant and a bar. It will also have a conference room, banquet facility, a spa and a fitness centre for recreation.
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.
