Lemon Tree Hotels gains on signing new property in Bokaro
Lemon Tree Hotels is currently trading at Rs. 129.45, up by 0.80 points or 0.62% from its previous closing of Rs. 128.65 on the BSE.
The scrip opened at Rs. 129.60 and has touched a high and low of Rs. 130.45 and Rs. 129.05 respectively. So far 9602 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 162.25 on 02-Jan-2025 and a 52 week low of Rs. 112.30 on 07-Oct-2024.
Last one week high and low of the scrip stood at Rs. 130.45 and Rs. 126.50 respectively. The current market cap of the company is Rs. 10192.25 crore.
The promoters holding in the company stood at 22.77%, while Institutions and Non-Institutions held 40.81% and 36.43% respectively.
Lemon Tree Hotels has signed a new property -- Keys Select by Lemon Tree Hotels in Bokaro. The property shall be managed by Carnation Hotels, a wholly-owned subsidiary of Lemon Tree Hotels, and will open in FY27.
Bokaro, one of the major industrial hubs in the on the Chota Nagpur Plateau, is known for the Bokaro Steel Plant. It is one of the largest steel plants in India and plays a significant role in the city's economy. The city has a mix of industrial, urban, and rural areas, with a focus on heavy industries and manufacturing.
Keys Select by Lemon Tree Hotels, Bokaro will feature 50 well-appointed rooms, a restaurant, Banquets, meeting rooms, a rooftop bar, a fitness center, a swimming pool and other public areas. Birsa Munda Airport in Ranchi, the nearest airport, is approximately 117 kms from the property. Bokaro Steel City Railway Station is about 16 kms away from the property. The hotel is also well-connected by road, offering easy access to both public and private transport.
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.
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