Hot Pursuit     06-Oct-23
Lemon Tree Hotels rises after launching Aurika, Mumbai skycity
Lemon Tree Hotels rose 1.61% to Rs 119.80 after the company has launched Aurika, Mumbai Skycity in Mumbai.
Aurika, Mumbai Skycity, it is third property under the company's upscale brand, Aurika Hotels & Resorts, as well as its third hotel in the global city of Mumbai.

The property offers 669 aesthetically designed rooms and suites, newage dining and extensive banqueting options, innovative high-tech and entertainment facilities, and world class service.

The hotel aims to actively promote art and culture by regularly hosting events and exhibitions.

Patanjali G. Keswani, chairman & managing director, Lemon Tree Hotels, said, “I am delighted to announce the launch of Aurika, Mumbai Skycity, Located close to Chhatrapati Shivaji Maharaj International Airport (Terminal 2), this deluxe hotel has 669 rooms and suites and is currently the largest hotel (by number of rooms) in India. This is third hotel under the Aurika Hotels & Resorts brand, as well as our third hotel in the global city of Mumbai, this launch also brings one step closer to goal of bringing total inventory, including operational and to be opened, to more than 20,000 rooms, in the next four years. Aurika, Mumbai Skycity too is rooted in local culture and heritage. This hotel pays tribute to Mumbai's iconic architecture and cinematic history.”

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.

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