Lemon Tree Hotels Ltd Share Price – NSE  / BSE

Hotels & Restaurants, Small Cap

The upcoming Lemon Tree Hotel, Bapane, is set to open in FY 2026 and will be managed by Carnations Hotels, a subsidiary of Lemon Tree Hotels.

The new hotel will feature 76 well-appointed rooms, a restaurant, a meeting room, a swimming pool, a spa and other public areas. The Mumbai International Airport is about 43 kms away while the Mumbai Borivali Railway Station is about 28.8 kms away from the property. The hotel is also well connected by roadways for both public and private transport.

Vilas Pawar, CEO- managed & franchise business, Lemon Tree Hotels commented, “We are delighted to strengthen our portfolio in Maharashtra, an economic powerhouse known for its rich cultural heritage, diverse landscapes, and vibrant history. This opening will be in addition to our twelve existing and five upcoming hotels in the state.”

Lemon Tree Hotels Limited (LTHL) is a leading hotel chain in India, operating a diverse portfolio of hotels across various segments, including upscale, upper-midscale, midscale, and economy. With a strong focus on delivering high-quality service and value, LTHL offers seven distinct brands to cater to diverse guest needs. The company has a significant presence in major metro cities and tier I, II, and III cities across India. LTHL has also expanded its international footprint with hotels in Dubai, Bhutan, and Nepal.

The company's consolidated net profit jumped 31% to Rs 29.64 crore on a 25% increase in net sales to Rs 284.37 crore in Q2 FY25 over Q2 FY24.

Shares of Lemon Tree Hotels declined 1.25% to settle at Rs 149.75 on 26 December 2024.

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The upcoming Lemon Tree Hotel, Bhuj, is set to open in FY 2026 and will be managed by Carnations Hotels, a subsidiary of Lemon Tree Hotels.

Located in the heart of Kutch district, Bhuj is a city steeped in history and culture. Renowned for its intricate handicrafts, ancient monuments like the Aina Mahal, and the Rann of Kutch, Bhuj is emerging as a popular tourist destination.

The new hotel will offer 74 well-appointed rooms, a restaurant, meeting facilities, a banquet hall, a swimming pool, a fitness center, and other amenities. Its strategic location, just 9 kilometers from Bhuj Airport and 4 kilometers from Bhuj Railway Station, ensures easy accessibility for both domestic and international travelers.

Vilas Pawar, CEO- managed & franchise business, Lemon Tree Hotels commented, We are delighted to strengthen our portfolio in Gujarat, a state known for its arts, crafts as well as enterprising spirit of its residents. By expanding our footprint across different states and cities, we aim to make Lemon Tree Hotels the most preferred brand across different segments. This opening will be in addition to our seven existing and 12 upcoming hotels in the state.

Lemon Tree Hotels Limited (LTHL) is a leading hotel chain in India, operating a diverse portfolio of hotels across various segments, including upscale, upper-midscale, midscale, and economy. With a strong focus on delivering high-quality service and value, LTHL offers seven distinct brands to cater to diverse guest needs. The company has a significant presence in major metro cities and tier I, II, and III cities across India. LTHL has also expanded its international footprint with hotels in Dubai, Bhutan, and Nepal.

The company's consolidated net profit jumped 31% to Rs 29.64 crore on a 25% increase in net sales to Rs 284.37 crore in Q2 FY25 over Q2 FY24.

Shares of Lemon Tree Hotels rose 0.85% to settle at Rs 147.85 on 13 December 2024.

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The property shall be managed by Carnation Hotels, a wholly owned subsidiary of Lemon Tree Hotels and is expected to open in FY 2027.

This hotel will feature 65 well-appointed rooms, a restaurant, a rooftop bar, banquet hall, meeting room, swimming pool, fitness center and other public areas. The Birsa Munda Airport is about 5 kms away while the Ranchi Junction is about 7 kms away from the property. The hotel is also well connected by roadways for both public and private transport.

Vilas Pawar, CEO-managed & franchise business, Lemon Tree Hotels, said, “We are delighted to announce the expansion of our portfolio in Jharkhand. By expanding our footprint across different states and cities, we aim to make Lemon Tree Hotels the most preferred brand across different segments. This opening will be in addition to our one existing and two upcoming hotels in the state.”

Meanwhile, the company has announces the opening of Lemon Tree Resort at Thimphu, Bhutan. This managed resort is the second property of the group in the city and country.

This hotel features 60 rooms and a villa, Citrus Café – a multi-cuisine coffee shop and Slounge – the hip recreation bar. The resort boasts expansive banquet spaces with a connecting pre-function area as well as meeting rooms to meet the discerning guests’ business and events requirements along with a kid’s room to keep the little guests entertained.

Additionally, the company said that, of the 60 rooms and a villa, 48 rooms and a villa opened on opening day as part of phase I of the launch. The remaining rooms along with a well-equipped fitness center, a refreshing heated swimming pool and Fresco – a rejuvenating spa will open shortly thereafter, as part of phase II.

Both announcements were made after market hours on Thursday, 12 December 2024.

Lemon Tree Hotels its principal activities are to carry out the business of developing, owning, acquiring, operating, managing, renovating, and promoting hotels, motels, resorts, restaurants, etc. under the brand name of Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima and Keys Lite.

The company’s consolidated net profit jumped 32.79% to Rs 35.03 crore on a 23.96% increase in revenue from operations to Rs 284.36 crore in Q2 FY25 over Q2 FY24.

The scrip slipped 1.33% to Rs 144.65 on the BSE.

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The property shall be managed by Carnation Hotels, a wholly-owned subsidiary of Lemon Tree Hotels, and is expected to open in FY 2028.

Lemon Tree Hotel, Mirik, West Bengal, will feature 50 well-appointed rooms, a restaurant, a bar, a meeting room, a banquet, a swimming pool, a fitness centre, and other public areas.

Vilas Pawar, CEO, managed & franchise business, Lemon Tree Hotels, said, “We are thrilled to announce our further expansion in West Bengal. This new addition will complement our two existing and one upcoming property in the state, reinforcing our dedication to delivering exceptional hospitality and unforgettable experiences across the country.”

Lemon Tree Hotels its principal activities are to carry out the business of developing, owning, acquiring, operating, managing, renovating, and promoting hotels, motels, resorts, restaurants, etc. under the brand names Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima, and Keys Lite.

The company’s consolidated net profit jumped 32.79% to Rs 35.03 crore on a 23.96% increase in revenue from operations to Rs 284.36 crore in Q2 FY25 over Q2 FY24.

Shares of Lemon Tree Hotels fell 1.31% to Rs 139.25 on the BSE.

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