Lemon Tree Hotels moves up on launching 100th property with opening of Lemon Tree Premier in Malad
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Lemon Tree Hotels is currently trading at Rs. 121.55, up by 0.65 points or 0.54% from its previous closing of Rs. 120.90 on the BSE.
The scrip opened at Rs. 122.45 and has touched a high and low of Rs. 122.45 and Rs. 120.90 respectively. So far 41823 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 126.70 on 15-Sep-2023 and a 52 week low of Rs. 70.25 on 23-Dec-2022.
Last one week high and low of the scrip stood at Rs. 122.85 and Rs. 117.35 respectively. The current market cap of the company is Rs. 9594.10 crore.
The promoters holding in the company stood at 23.28%, while Institutions and Non-Institutions held 38.23% and 38.48% respectively.
Lemon Tree Hotels has launched its 100th property with the opening of Lemon Tree Premier, Malad, Mumbai. This comes close on the heels of the launch of Aurika, Mumbai Skycity - India’s largest hotel, by number of rooms. This year has been significant as the company witnessed rapid expansion in their portfolio and this is the 14th hotel that opened this year.
Lemon Tree Premier, Malad, Mumbai is one more feather, though a significant one, in the cap of Lemon Tree Hotels. Located at New Link Road, Lemon Tree Premier, Malad, Mumbai, is an ideal destination for both business and leisure travellers. The Malad area enjoys excellent road connectivity to major areas of Mumbai through the SV Road, Goregaon - Malad Link Road and the Western Express Highway. The hotel offers 93 well-appointed rooms and spacious suites, Citrus Cafe -- an inviting multicuisine coffee shop, Hunky Dory - a bar & kitchen, as well as a banquet hall and a meeting space for business and social event requirements. It also has a well-equipped fitness center and a refreshing swimming pool to keep you feeling fresh-as-a-lemon.
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.
