Lemon Tree Hotels inches up on signing new property in Maharashtra
Lemon Tree Hotels is currently trading at Rs. 126.60, up by 0.10 points or 0.08% from its previous closing of Rs. 126.50 on the BSE.
The scrip opened at Rs. 127.45 and has touched a high and low of Rs. 128.00 and Rs. 125.90 respectively. So far 80137 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. 135.95 and Rs. 125.65 respectively. The current market cap of the company is Rs. 10065.49 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 - Lemon Tree Hotel, Shirdi, Maharashtra. The property shall be managed by Carnation Hotels, a wholly-owned subsidiary of Lemon Tree Hotels, and is expected to start operations in FY 2028.
Lemon Tree Hotel, Shirdi, Maharashtra will feature 50 well-appointed rooms, a restaurant, a banquet hall, a meeting room, a swimming pool, a spa and other public areas. The nearest airport, Shirdi International Airport, is around 14.8 kms from the property. Sainagar Shirdi Railway Station is about 3 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.
