Lemon Tree Hotels gains on signing two new resorts in Maharashtra
Lemon Tree Hotels is currently trading at Rs. 112.65, up by 0.75 points or 0.67% from its previous closing of Rs. 111.90 on the BSE.
The scrip opened at Rs. 111.90 and has touched a high and low of Rs. 113.50 and Rs. 111.85 respectively. So far 404967 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 180.60 on 08-Sep-2025 and a 52 week low of Rs. 99.70 on 16-Mar-2026.
Last one week high and low of the scrip stood at Rs. 113.90 and Rs. 108.25 respectively. The current market cap of the company is Rs. 8964.27 crore.
The promoters holding in the company stood at 22.32%, while Institutions and Non-Institutions held 37.26% and 40.43% respectively.
Lemon Tree Hotels has signed two License Agreements viz. Lemon Tree Resort, Tadgaon and Lemon Tree Resort, Igatpuri, both located in the State of Maharashtra. Both the properties shall be managed by Carnation Hotels, a wholly-owned subsidiary of Lemon Tree Hotels. Lemon Tree Resort, Tadgaon will feature 110 well-appointed rooms, a restaurant, banquet hall, meeting/conference room, swimming pool, spa, and a fitness center. Lemon Tree Resort, Igatpuri will feature 90 well-appointed rooms, a restaurant, banquet hall, meeting/conference room, swimming pool, spa, and a fitness center.
With these additions, the company will have 32 properties in the State with 15 operational and 17 in pipeline, including the two new signings. This double signing underscores the group's focus on high-potential micro-markets that are rapidly emerging as preferred drive-to locations for leisure and corporate travel from major urban hubs like Mumbai, Navi Mumbai, Thane, and Pune. The addition of these two properties further consolidates Lemon Tree Hotels’ strong market presence in Western India, strategically expanding its pipeline of premium regional resorts tailored for modern lifestyle and corporate needs.
