Lemon Tree Hotels gains on inking non-binding term sheet to acquire Keys Hotels

Lemon Tree Hotels is currently trading at Rs. 83.50, up by 0.15 points or 0.18% from its previous closing of Rs. 83.35 on the BSE. The scrip opened at Rs. 84.45 and has touched a high and low of Rs. 85.40 and Rs. 83.20 respectively. So far 29869 shares were traded on the counter. The … Read more

Lemon Tree Hotels agrees to enter into JV with Magnolia Grove investment

Lemon Tree Hotels has agreed to enter into a joint venture (JV) with Magnolia Grove investment, an affiliate of Warburg Pincus group. The joint venture company i.e., Hamstcde Living will construct, acquire, develop, operate and lease short and long stay real estate projects, with a primary focus on student housing, co-living for working professionals/adults and … Read more

Lemon Tree Hotels opens new hotel in Pune

Lemon Tree Hotels has opened a hotel under brand name ‘Lemon Tree Premier’ on Connaught Road, Pune on December 5, 2018. This is the company’s second owned hotel in the city. The Hotel has 201 rooms with a multi cuisine coffee shop, bar, spa, pool, fitness center, banquet spaces including a conference room. With opening … Read more

Lemon Tree Hotels inks license agreement in Bhubaneswar

Lemon Tree Hotels has signed a License Agreement for a 76 room property located at Bhubaneswar, Odisha under the company’s brand ‘Lemon Tree Premier’. The Hotel is expected to be operational by March, 2020. Carnation Hotels, the hotel management arm of the company will be operating and marketing this hotel. Lemon Tree Hotels is India’s … Read more