Lemon Tree Hotels moves up on signing new property in Maharashtra
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Lemon Tree Hotels is currently trading at Rs. 117.55, up by 2.00 points or 1.73% from its previous closing of Rs. 115.55 on the BSE.
The scrip opened at Rs. 116.00 and has touched a high and low of Rs. 117.90 and Rs. 115.35 respectively. So far 42939 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. 125.25 and Rs. 112.90 respectively. The current market cap of the company is Rs. 9229.67 crore.
The promoters holding in the company stood at 22.77%, while Institutions and Non-Institutions held 40.66% and 36.57% respectively.
Lemon Tree Hotels has signed a new property -- Lemon Tree Hotel, Adalat Road, Aurangabad, Maharashtra. The property, which shall be managed by Carnation Hotels, a wholly-owned subsidiary of Lemon Tree Hotels, is expected to open in FY 2028.
Lemon Tree Hotel, Adalat Road, Aurangabad, Maharashtra will feature 60 well-appointed rooms, a restaurant, a banquet hall, a meeting room, a swimming pool, a spa and other public areas. Aurangabad Airport is around 8 kms while the Aurangabad Railway Station is 2.5 kms from the property. The hotel is also well-connected by road, making it accessible by 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.
