Hot Pursuit     27-Feb-25
Lemon Tree Hotels signs new property in Shirdi, Maharashtra
Lemon Tree Hotels announced that it has signed a license agreement viz. Lemon Tree Resort, Shirdi, Maharashtra.
The property shall be managed by Carnation Hotels, a wholly-owned subsidiary of the company and is expected to start its operations in FY 2028.

Lemon Tree Resort, Shirdi, Maharashtra, will feature 50 well-appointed rooms and a restaurant, a banquet hall, a meeting room, a swimming pool, a spa and other public areas.

Vilas Pawar, CEO—managed & franchise business, Lemon Tree Hotels, said, “We are delighted to expand our portfolio in Maharashtra, one of India's largest commercial and industrial hubs. By expanding in the state, we are not only tapping into a thriving economic hub but also embracing a place that beautifully balances modernity with tradition. This new addition will complement our 12 existing hotels and six upcoming properties in Maharashtra.”

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.

Shares of Lemon Tree Hotels shed 0.04% to Rs 126.45 on the BSE.

Previous News
  Lemon Tree gains on launching twelfth property in Maharashtra
 ( Hot Pursuit - 02-Apr-25   10:44 )
  Lemon Tree Hotels signs two new properties in Madhya Pradesh
 ( Hot Pursuit - 08-Mar-25   08:57 )
  Lemon Tree Hotels consolidated net profit declines 15.56% in the June 2024 quarter
 ( Results - Announcements 08-Aug-24   07:33 )
  Lemon Tree Hotels signs new property in Coimbatore
 ( Hot Pursuit - 09-Mar-24   16:16 )
  Lemon Tree Hotels signs new property in Shirdi, Maharashtra
 ( Hot Pursuit - 27-Feb-25   11:41 )
  Lemon Tree Hotels signs new property in Rajasthan
 ( Hot Pursuit - 05-Jul-23   11:50 )
  Lemon Tree hits record high on signing two new properties in Gujarat, Nepal
 ( Hot Pursuit - 15-Sep-23   10:59 )
  Lemon Tree Hotels signs new property in Bokaro, Jharkhand
 ( Hot Pursuit - 18-Mar-25   09:56 )
  Barometers edge lower in early trade; breadth positive
 ( Market Commentary - Mid-Session 19-Mar-24   09:31 )
  Lemon Tree launches its first property in Jharkhand
 ( Hot Pursuit - 16-Jul-24   08:50 )
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 ( Corporate News - 07-Nov-22   20:09 )
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