Hot Pursuit     21-Aug-23
Lemon Tree hits 52-week high on launching sixth property in Gujarat
Lemon Tree Hotels gained 2.21% to Rs 104.44 after the company announced opening of its sixth property in Gujarat under the brand ‘Lemon Tree Hotel'.
The hotel features 42 well-appointed rooms and suites, complemented by a multicuisine coffee shop as well as a well-equipped fitness center and a refreshing swimming pool.

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 69.4% jump in consolidated net profit to Rs 23.46 crore on 15.7% rise in revenue from operations to Rs 222.26 crore in Q1 FY24 over Q1 FY23.

The scrip hit a life-time high of Rs 987.35 on the BSE.

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 ( Hot Pursuit - 22-Mar-24   08:27 )
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 ( Hot Pursuit - 16-Jun-21   09:44 )
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 ( Hot Pursuit - 04-Sep-23   10:33 )
  Lemon Tree Hotels signs new property in Jabalpur, Madhya Pradesh
 ( Corporate News - 01-Feb-23   10:02 )
  Lemon Tree Hotels opens its 3rd property in Mumbai
 ( Corporate News - 14-Oct-22   19:33 )
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