Mumbai, October 3 (Udaipur Kiran News): Shares of Lemon Tree Hotels surged 3.10% on Thursday after the company announced the launch of its new premium property — Lemon Tree Premier, Tirupati.
The hotel is managed by Carnation Hotels, the wholly owned subsidiary and management arm of Lemon Tree Hotels. The new property features 111 well-appointed rooms and suites, along with top-notch amenities including Citrus Café (a multi-cuisine restaurant), Slounge (a recreational bar), Pool Bar & Grill, banquet spaces, a spa, fitness centre, and a swimming pool.
In the first phase, 54 rooms and suites along with Citrus Café have been opened to guests. The second phase will see the launch of the remaining 57 rooms, Slounge, Pool Bar & Grill, banquet spaces, spa, fitness centre, and pool.
On the BSE, Lemon Tree Hotels was trading at ₹171.50, up ₹5.15 or 3.10% from its previous close of ₹166.35. The stock touched an intraday high of ₹172.70 and a low of ₹167.10, with 1,11,005 shares traded. The company’s market capitalization stands at ₹13,567.22 crore.
Lemon Tree Hotels is India’s largest hotel chain in the mid-priced segment and the third-largest overall based on controlling interest in owned and leased rooms.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
