Lemon Tree Hotels Ltd. ( (IN:LEMONTREE) ) has shared an update.
Lemon Tree Hotels Limited has announced the signing of a new property, Lemon Tree Hotel, in Jaipur, Rajasthan, which will be managed by its subsidiary, Carnation Hotels Private Limited. The hotel, expected to open in FY 2027, will feature 66 rooms and various amenities, enhancing the company’s presence in Rajasthan, where it already has 10 hotels and six upcoming properties. This expansion is part of Lemon Tree’s strategy to strengthen its market position and cater to the growing demand in the hospitality sector, offering easy access to Jaipur’s cultural and historical attractions.
More about Lemon Tree Hotels Ltd.
Lemon Tree Hotels Limited is one of India’s largest hotel chains, operating across upscale, upper-midscale, midscale, and economy segments. The company offers seven brands, including Aurika Hotels & Resorts and Lemon Tree Premier, and has a portfolio of over 210 hotels, with more than 110 operational and 100 set to open in India and internationally. Lemon Tree Hotels are located in major metros and various tier I, II, and III cities, as well as internationally in Dubai, Bhutan, and Nepal.
YTD Price Performance: -13.93%
Average Trading Volume: 201,700
Current Market Cap: 101.8B INR
For a thorough assessment of LEMONTREE stock, go to TipRanks’ Stock Analysis page.