Lemon Tree Hotels shines on launching first property in Nepal
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Lemon Tree Hotels is currently trading at Rs. 139.55, up by 1.80 points or 1.31% from its previous closing of Rs. 137.75 on the BSE.
The scrip opened at Rs. 139.25 and has touched a high and low of Rs. 140.95 and Rs. 139.20 respectively. So far 35127 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 147.20 on 23-Feb-2024 and a 52 week low of Rs. 75.17 on 11-Apr-2023.
Last one week high and low of the scrip stood at Rs. 144.40 and Rs. 137.10 respectively. The current market cap of the company is Rs. 10913.20 crore.
The promoters holding in the company stood at 23.21%, while Institutions and Non-Institutions held 37.81% and 38.98% respectively.
Lemon Tree Hotels has forayed into the stunning country of Nepal with the opening of Lemon Tree Premier, Budhanilkantha, Kathmandu. This marks not just the entry of Lemon Tree Hotels in to Nepal, but also marks the milestone of Lemon Tree’s inventory crossing 10,000 rooms.
This first property in the land of Mount Everest is a stylish, contemporary hotel with 102 well-appointed rooms and suites, Citrus Cafe - a multicuisine coffee shop, Republic of Noodles - an award-winning Asian restaurant, Slounge - a hip recreation bar and a tea lounge. The hotel has a separate convention center which has expansive banquet spaces and conference facilities, besides extensive outdoor event spaces. For recreation, the hotel offers a well-equipped fitness center, Fresco spa and a refreshing infinity pool.
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.
