Hotel stock jumps after company signs new property in Darjeeling, West BengalHotel stock jumps after company signs new property in Darjeeling, West Bengal

Introduction:

Hotel stock drew attention after announcing a new property signing under the Keys Prima brand in Darjeeling. The planned 65-room hotel, set to open in FY26, will be managed by its wholly owned subsidiary and expand its West Bengal presence.

Share Price movement of Lemon Tree Hotels:

On April 8, 2025, Lemon Tree Hotels Limited opened at ₹136.00, reaching a high of ₹138.00, up 1.53% from the previous close of ₹133.79 and a low of ₹134.79. The stock is currently trading at ₹135.84, with a market cap of ₹10,761.88 Crores.

Lemon Tree Hotels share price rise:

Lemon Tree Hotels has signed a license agreement for a new property under the Keys Prima brand in Darjeeling, West Bengal. Managed by its subsidiary Carnation Hotels, the 65-room hotel is scheduled to open in FY26, offering various guest and recreational facilities.

The hotel will feature a restaurant, meeting room, and public areas. Conveniently located 70 km from Bagdogra Airport and 2.5 km from Darjeeling Railway Station, the property is well-connected via public and private transport, enhancing accessibility for travelers.

Darjeeling, known as the “Queen of the Hills,” offers scenic beauty, tea estates, Tibetan culture, and heritage charm. CEO Vilas Pawar stated this expansion strengthens the brand’s West Bengal presence, adding to its two operating and two upcoming properties.

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Stock performance of Lemon Tree Hotels for Period of 1 week, 6 months and 1 year:

Over the past week, Lemon Tree Hotels stock declined by 2.39%, while showing a 6.81% gain over the last six months. However, over the one-year period, the stock has recorded a negative return of 4.94%, reflecting mixed performance across timeframes.

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Shareholding pattern of Lemon Tree Hotels:

All values in %	Dec-24	Sep-24	Jun-24
Promoters	22.77	22.77	22.8
FII	20.01	21.75	27.61
DII	20.8	18.91	15.2
Retail & others	36.42	36.57	34.4

About Lemon Tree Hotels:

Lemon Tree Hotels (NSE: LEMONTREE) is a leading mid-priced hotel chain in India, known for its business and leisure properties across the country. The company operates multiple brands, offering quality accommodations, modern amenities, and services across diverse locations to suit varying customer needs.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.