Hot Pursuit     19-Feb-25
Lemon Tree Hotels gains on inking new property in Madhya Pradesh
Lemon Tree Hotels added 1.81% to Rs 126.35 after the company said that it has signed a license agreement viz Red Fox Lemon Tree Hotels, Bhopal, Madhya Pradesh.

The said property will be managed by Carnation Hotels, a wholly owned subsidiary of Lemon Tree Hotels, and is expected to begin operations in FY 2027.

Red Fox by Lemon Tree Hotels, Bhopal, Madhya Pradesh, will feature 46 well-appointed rooms, a restaurant, a meeting room, a bar, and other public areas. The hotel is conveniently located approximately 17 km from Raja Bhoj Airport and 6 km from Bhopal Railway Station. It is also well connected by road, offering easy access for both public and private transportation.

Vilas Pawar, CEO, Managed & Franchise Business, Lemon Tree Hotels, said, “We are thrilled to announce our latest signing, which will further expand our presence in Madhya Pradesh. This opening will be in addition to our four operational and three upcoming hotels in the state. This signing is a testament to our commitment to providing exceptional hospitality and unforgettable experiences in one of India’s most vibrant destinations.”

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 surged 76.53% to Rs 62.49 crore on 22.4% increase in revenue from operations to Rs 355.18 crore in Q3 FY25 over Q3 FY24.

Previous News
  Lemon Tree Hotels consolidated net profit declines 15.56% in the June 2024 quarter
 ( Results - Announcements 08-Aug-24   07:33 )
  Nifty marches towards 24,900 level; media shares rally
 ( Market Commentary - Mid-Session 08-Oct-24   10:34 )
  Stock Alert : Infosys, CDSL, Great Eastern Shipping, Samman Capital, ITI, Jai Corp, Lemon Tree Hotels
 ( Market Commentary - Stock Alert 30-Aug-24   08:33 )
  Lemon Tree Hotels gains on inking new property in Jaipur, Rajasthan
 ( Hot Pursuit - 03-Apr-25   09:27 )
  Lemon Tree Hotels signs new property in Mori Bera, Rajasthan
 ( Hot Pursuit - 16-Apr-25   09:35 )
  Lemon Tree Hotels to convene AGM
 ( Corporate News - 06-Sep-24   17:40 )
  Lemon Tree Hotels declare Quarterly Result
 ( Corporate News - 31-Oct-24   12:18 )
  Lemon Tree Hotels consolidated net profit rises 52.33% in the March 2024 quarter
 ( Results - Announcements 30-May-24   11:44 )
  Lemon Tree Hotels signs new property in Jabalpur, Madhya Pradesh
 ( Corporate News - 01-Feb-23   10:02 )
  Lemon Tree hits all time high after signing two new properties in Bhubaneswar and Kasauli
 ( Hot Pursuit - 22-Aug-23   10:34 )
  Lemon Tree Hotels signs new property in Whitefield, Bengaluru
 ( Corporate News - 04-Apr-23   11:20 )
Other Stories
  HDFC Bank Q4 PAT rises 7% YoY to Rs 17,616 cr; NII rises 10%
  19-Apr-25   18:04
  Yes Bank Q4 PAT climbs 63% YoY to Rs 738 cr
  19-Apr-25   16:20
  Mastek Q4 PAT slides 14% QoQ to Rs 81 cr; recommends final dividend of Rs 16/sh
  19-Apr-25   14:31
  Tata Elxsi posts PAT of Rs 172 crore in Q4; EBITDA margin at 20.5%
  19-Apr-25   12:47
  Mahindra EPC records more than fourfold rise in Q4 PAT
  19-Apr-25   11:04
  Just Dial Q4 PAT climbs 36% YoY to Rs 158 cr
  19-Apr-25   10:02
  Jio Financial Services Q4 PAT rises 2% YoY to Rs 316 cr
  19-Apr-25   08:57
  HDFC Life Q4 PAT climbs 16% YoY to Rs 476 cr
  17-Apr-25   17:32
  Infosys Q4 PAT rises 3% QoQ to Rs 7,038 cr; declares dividend of Rs 22/sh
  17-Apr-25   17:25
  HDFC AMC rises after Q4 PAT jumps 18% YoY to Rs 639 cr; declares final dividend of Rs 90/sh
  17-Apr-25   17:11
Back Top