Wednesday , 22 March 2023
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Lemon Tree Hotels rises on signing new hotel in Goa

Lemon Tree Hotels is currently trading at Rs. 67.00, up by 1.05 points or 1.59% from its previous closing of Rs. 65.95 on the BSE.

lemon tree hotels rises on opening 142 room hotel in kolkata
Lemon Tree Hotels

The scrip opened at Rs. 65.80 and has touched a high and low of Rs. 67.15 and Rs. 65.35 respectively. So far 14844 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 71.40 on 13-April-2022 and a 52 week low of Rs. 36.10 on 11-Aug-2021.

Last one week high and low of the scrip stood at Rs. 67.15 and Rs. 59.75 respectively. The current market cap of the company is Rs. 5224.87 crore.

The promoters holding in the company stood at 23.95%, while Institutions and Non-Institutions held 40.88% and 35.17% respectively.

Lemon Tree Hotels has signed new hotel in Anjuna, Goa.

This property is likely to be operational by March, 2023, and shall be managed by Carnation Hotels, a subsidiary and the management arm of Lemon Tree Hotels.

Located in North Goa, Anjuna is known for its trance parties held on its beach during the tourist season (October – April), as well as the famous flea markets that come alive every Wednesday and Saturday.

It is well-connected with air and railway as the Thivim Railway Station is 16 km away while the Goa International Airport is at a distance of 44 km.

The area is known for the St. Michael’s Church, Anjuna, founded in 1595, which is dedicated to S. Miguel, and celebrates the feasts of S. Miguel and Nossa Senhora Advogada.

Located in Anjuna, this property will feature 51 well-appointed rooms, complemented by a restaurant, bar, spa, swimming pool and gym. It will also have a meeting room.

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.