Lemon Tree Hotels soars on signing license agreement for 45 room hotel at Rajkot
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Lemon Tree Hotels is currently trading at Rs. 71.35, up by 1.40 points or 2.00% from its previous closing of Rs. 69.95 on the BSE.
The scrip opened at Rs. 69.95 and has touched a high and low of Rs. 72.45 and Rs. 69.90 respectively. So far 311685 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 79.05 on 10-Aug-2022 and a 52 week low of Rs. 37.80 on 01-Sep-2021.
Last one week high and low of the scrip stood at Rs. 72.45 and Rs. 66.55 respectively. The current market cap of the company is Rs. 5632.87 crore.
The promoters holding in the company stood at 23.93%, while Institutions and Non-Institutions held 39.32% and 36.75% respectively.
Lemon Tree Hotels has signed a license agreement for 45 room hotel at Rajkot, Gujarat under the company's brand 'Lemon Tree Hotel'. This property is expected to be operational by March, 2023, and shall be managed by Carnation Hotels, a subsidiary and the management arm of Lemon Tree Hotels.
Located at Race Course Road, the hotel is well-connected by both public and private transport. The city of Rajkot holds out several attractions like stunning temples, ashrams, lakes and gardens. This property will feature 45 well-appointed rooms, complemented by a restaurant, swimming pool, fitness center and a meeting room.
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
