Hot Pursuit     21-Aug-23
Lemon Tree hits 52-week high on launching sixth property in Gujarat
Lemon Tree Hotels gained 2.21% to Rs 104.44 after the company announced opening of its sixth property in Gujarat under the brand ‘Lemon Tree Hotel'.
The hotel features 42 well-appointed rooms and suites, complemented by a multicuisine coffee shop as well as a well-equipped fitness center and a refreshing swimming pool.

The hotel is managed by Carnation Hotels, a wholly owned subsidiary and the hotel management arm of Lemon Tree Hotels.

Lemon Tree Hotels is engaged to carry out business of developing, owning, acquiring, renovating, operating, managing 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. Also, some of the Group companies provide project management services and learning & development services.

The company reported 69.4% jump in consolidated net profit to Rs 23.46 crore on 15.7% rise in revenue from operations to Rs 222.26 crore in Q1 FY24 over Q1 FY23.

The scrip hit a life-time high of Rs 987.35 on the BSE.

Previous News
  Benchmarks nudge lower; breadth positive
 ( Market Commentary - Mid-Session 18-Nov-24   09:34 )
  Lemon Tree Hotels signs new property in Mhow, Madhya Pradesh
 ( Corporate News - 12-Jun-25   09:06 )
  Lemon Tree Hotels to discuss results
 ( Corporate News - 16-Jul-24   10:51 )
  Lemon Tree Hotels signs new property in Mori Bera, Rajasthan
 ( Hot Pursuit - 16-Apr-25   09:35 )
  Lemon Tree Hotels declare Quarterly Result
 ( Corporate News - 31-Oct-24   12:18 )
  Lemon Tree Hotel reports turnaround Q4 numbers
 ( Hot Pursuit - 31-May-23   14:32 )
  Lemon Tree Hotels signs two new properties in Madhya Pradesh
 ( Hot Pursuit - 08-Mar-25   08:57 )
  Lemon Tree Hotels opens its third property in Udaipur
 ( Corporate News - 14-Jun-24   09:11 )
  Barometers turn rangebound; broader mkt outperforms
 ( Market Commentary - Mid-Session 14-Jun-24   12:39 )
  Lemon Tree Hotels inks deal for new hotel in Bhopal; Co's fifth deal this CY
 ( Hot Pursuit - 23-Feb-23   08:50 )
  Lemon Tree Hotels signs new property in Jharkhand.
 ( Hot Pursuit - 13-Dec-24   10:36 )
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