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Hot Pursuit
09-Apr-22
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Lemon Tree Hotels launches second property in Tapovan
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Lemon Tree Hotels, at fag end of market hours on Friday, 8 April 2022, announced the opening of its second property, Keys Lite by Lemon Tree Hotels, in Tapovan, Rishikesh
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The hotel is located near the Ganges river and features 38 well-appointed rooms and suites. It is managed by Carnation Hotels Private, a subsidiary and the hotel management arm of Lemon Tree Hotels. Keys Lite by Lemon Tree Hotels, Tapovan, Rishikesh caters to both business travelers and tourists.
Earlier, the company had announced the signing of a license agreement for 132 room hotel project at Rishikesh in Uttarakhand under the company's brand Aurika Hotels & Resorts. The project in Uttarakhand is a greenfield project and is expected to be operational by March 2025.
Shares of Lemon Tree Hotels rose 1.91% to close at Rs 66.75 on BSE yesterday, 8 April 2022. Lemon Tree Hotels is India's largest hotel chain in the mid-priced hotel sector, and the third largest overall, on the basis of controlling interest in owned and leased rooms, as of 30 June 2017.
On a consolidated basis, Lemon Tree Hotels reported a net loss of Rs 5.22 crore in Q3 2021 as compared with a net loss of Rs 45.73 crore in Q3 2020. Net sales surged 110.1% to Rs 143.65 crore in Q3FY22 over Q3 FY21.
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Previous News |
Lemon Tree Hotels gains on launching first property in Nepal
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10-Apr-24
12:26
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Lemon Tree Hotels opens new property in Kathmandu, Nepal
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Corporate News
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10-Apr-24
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Lemon Tree Hotels opens its first property in Aligarh
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25-Jan-21
15:49
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Lemon Tree Hotels announces board meeting date
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29-Oct-20
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Lemon Tree Hotels signs two new properties in Dapoli, Maharashtra
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Corporate News
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03-Mar-23
15:34
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Lemon Tree Hotels sees modest debut
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Hot Pursuit
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09-Apr-18
11:13
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Lemon Tree Hotels consolidated net profit rises 69.39% in the June 2023 quarter
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Results
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Announcements
11-Aug-23
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Lemon Tree Hotels to convene board meeting
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Corporate News
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13-Oct-21
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Lemon Tree Hotels to hold AGM
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Corporate News
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08-Sep-21
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Lemon Tree Hotels schedules board meeting
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Corporate News
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16-Jan-20
10:54
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Lemon Tree Hotels to hold board meeting
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Corporate News
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02-Nov-22
16:55
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