Introduction:
Major hotel chain brand has announced plans to open a new property in Kufri, Himachal Pradesh, by FY 2026. Featuring 49 rooms, dining, and recreational facilities, it aims to elevate travel experiences in this scenic Himalayan destination.
Also Read: Ambani group stock jumps after it receives order worth ₹504 Cr for renewable projects in Rajasthan
Share price movement of Lemon Tree Hotels:
On December 3, 2024, Lemon Tree Hotels Ltd opened at ₹130.00, down 0.08% from its previous close of ₹130.35. The stock reached a high of ₹131.10 (0.58%) and a low of ₹130.00. By 9:43 AM, it traded at ₹130.45, with a market cap of ₹10,334.86 crore.
Lemon Tree Hotels Expands Footprint:
Lemon Tree Hotels has announced the signing of Keys Select by Lemon Tree Hotels, Kufri, Himachal Pradesh. Managed by Carnation Hotels Private Limited, a wholly-owned subsidiary, the property is slated to open in FY 2026.
Nestled in the serene hill station of Kufri, the 49-room property will offer a restaurant, terrace bar lounge, fitness center, banquet facilities, and a meeting room. Kufri, known for its Himalayan vistas, attracts adventure enthusiasts with skiing and trekking activities.
Located 140 km from Shahid Bhagat Singh International Airport and 124 km from Chandigarh Railway Station, the hotel boasts excellent connectivity by road. This marks another milestone in Lemon Tree’s commitment to enriching travel experiences in India.
Recent news on Lemon Tree Hotels:
As of November 15, 2024, Lemon Tree Hotels Ltd reported a 32.6% rise in Q2 net profit, reaching ₹35 crore. Operating revenues grew 24% to ₹284.4 crore, while the EBITDA margin improved to 46%, reflecting strong financial performance.
Stock performance of Lemon Tree Hotels for Period of 1 week, 6 months and 1 year:
Lemon Tree Hotels Ltd has delivered a 1.82% return over the past week, despite facing a 6.67% decline over the last six months. On a positive note, the company has shown a strong 12.8% return over the past year, reflecting its resilience.
Also Read: IT stock jumps after it collaborates with Google Cloud for AI and cybersecurity
Shareholding pattern of Lemon Tree Hotels:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 22.80% | 22.80% | 22.90% |
| FII | 21.80% | 27.60% | 27.10% |
| DII | 18.90% | 15.20% | 15.40% |
| Public | 36.50% | 34.30% | 34.60% |
| Others | 0.10% | 0% | 0.10% |
About Lemon Tree Hotels:
Lemon Tree Hotels Limited (NSE: LEMONTREE) is one of India’s largest hotel chains, offering diverse brands across various segments. With over 190 hotels, it operates in key metro cities and has expanded internationally to Dubai, Bhutan, and Nepal.
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.
