Hot Pursuit     28-Mar-23
Lemon Tree launches fifth property in Kerala
Lemon Tree Hotels on Monday announced the opening of its fifth property in Kerala under the brand ‘Keys Prima by Lemon Tree Hotels', Thekkady.

The hotel features 42 well-appointed rooms complemented by a multi-cuisine restaurant, a meeting room, a fitness center, banquets along with other public areas.

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 a consolidated net profit of Rs 39.97 crore in the quarter ended December 2022 as against net loss of Rs 1.87 crore during the previous quarter ended December 2021. Sales surged 62.58% to Rs 233.55 crore in Q3 FY23 over Q3 FY22.

Shares of Lemon Tree Hotels were up 0.37% to Rs 74.03 on the BSE.

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