Lemon Tree Hotels moves up on signing new property in Ayodhya
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Lemon Tree Hotels is currently trading at Rs. 133.85, up by 0.95 points or 0.71% from its previous closing of Rs. 132.90 on the BSE.
The scrip opened at Rs. 135.20 and has touched a high and low of Rs. 135.50 and Rs. 133.20 respectively. So far 77604 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 158.05 on 06-May-2024 and a 52 week low of Rs. 100.75 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 135.50 and Rs. 122.75 respectively. The current market cap of the company is Rs. 10528.96 crore.
The promoters holding in the company stood at 22.80%, while Institutions and Non-Institutions held 42.81% and 34.39% respectively.
Lemon Tree Hotels has signed its newest property, Lemon Tree Hotel, Civil Lines, Ayodhya. The property is expected to open in FY 2028 and shall be managed by Carnation Hotels, a wholly-owned subsidiary of Lemon Tree Hotels. Ayodhya, a city steeped in divine history, is a cornerstone of the Hindu faith, located in Uttar Pradesh, India. As the birthplace of Lord Ram, one of Hinduism's most revered deities, Ayodhya holds immense spiritual significance. The city's sacred temples and rituals are deeply rooted in tradition, making it a captivating destination for pilgrims and travellers seeking a profound connection to India's rich heritage.
Lemon Tree Hotel, Civil Lines, Ayodhya will feature 80 well-appointed rooms, a restaurant, a rooftop lounge bar, a swimming pool, a fitness center, banquet halls and other public areas. The Maharshi Valmiki International Airport Ayodhya Dham is approximately 5.6 kilometres away while the Ayodhya railway station is 7.3 km. The hotel is well connected by roadways for 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.
