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Lemon Tree Hotels News
Lemon Tree Hotels
Budget 2023: Tourism stocks spurt as government announces special focus on sector
Wed, Feb 01, 2023
India’s hotel industry has witnessed a robust recovery in demand from the depths of the pandemic, according to HDFC Securities report on the hotel sector.
After 2 years, hotel sector breaches 65% occupancy mark in April; ICICI Securities picks Indian Hotels, Lemon Tree as best bet, see 24% upside
Tue, May 31, 2022
With unlocking theme now settling in, the hotel industry has breached around 65 per cent occupancy mark in April since the onset of the Covid pandemic in March 2020, ICICI Securities said.
Budget 2022: Demands from healthcare, real estate, tourism may hog limelight, says Manoj Dalmia of Proficient Equities; picks Lemon Tree Hotels as good bet
Tue, Jan 18, 2022
Ahead of the Union Budget 2022, market expert is of the view that demands from healthcare, real estate, hospitality & tourism, crypto industry and textile space can drive the action on the Dalal-street if the demands of respective sectors are met.
Lemon Tree Hotels share price: Horwath report highlights of India's largest chain in mid-priced hotels sector and third largest overall
Fri, Mar 05, 2021
Lemon Tree Hotels is India's largest chain in the mid-priced hotels sector and third largest overall, as of June 30, 2017, according to the Horwath Report. This award winning Indian hotel chain opened its first hotel with 49 rooms in May 2004 and operates 84 hotels in 51 destinations with 8100 rooms and over 8300 employees.
Markets open on robust note; Sensex up by 250 points, Nifty by 72 points
Fri, Dec 28, 2018
However, there may be a major impact on markets because of the setback to the economy over the bad news on fiscal deficit between April to November.
Top 5 stocks in focus on June 7: From HCL Infosystems to United Spirits, here are the newsmakers
Thu, Jun 07, 2018
From HCL Infosystems to United Spirits a number of stocks have come in the news on Thursday and they may go through some positive or negative impact in the market today. Here are the stocks that are in news on June 7, 2018:
McLeod Russel, Videocon Industries among top stocks that will remain in focus today
Thu, Jun 07, 2018
Stocks in news: The National Company Law Tribunal’s (NCLT) Mumbai bench admitted the insolvency petition filed by lenders against Videocon Industries after the company failed to repay its Rs 210 billion debt.
Lemon Tree to invest Rs 850 crore on capex in 3 years
Mon, May 07, 2018
Lemon Tree Hotels Ltd today said it will be investing Rs 850 crore in the next three years for expanding its footprint in the country. President of Lemon Tree Hotels, Vikramjit Singh said, they have earmarked a total of Rs 1,700 crore for adding1,500 rooms, which are currently under construction and expected to be completed by financial year 2021and spent half of the total budget.
Hotel firms mull ‘conversion-friendly’ brands for growth
Mon, Apr 16, 2018
Homegrown and international hotel chains are now looking at ‘conversion-friendly brands’ as opposed pure conversion that involves taking over a standalone or a bouquet of branded hotels and renaming them with one of their existing brands, which is time-consuming and may involve a lot of capital investment
Lemon Tree Hotels share price soars 30% against issue price, despite being tagged as 'avoid'
Mon, Apr 09, 2018
Lemon Tree Hotels share price extended gains after a huge block deal on the counter in the afternoon trade with the stock hitting an intraday high of Rs 73.90, a premium of 32 per cent against its issue price of Rs 56.
Lemon Tree Hotels lists today, enters Hyderabad with 85-room hotel
Mon, Apr 09, 2018
The unique aspect of this new-built hotel, which was soft-launched last month, is that it will feature a revolving restaurant. Once operational, this revolving restaurant will be the only such facility in Hyderabad that will tickle the taste-buds of the elite class of this upmarket locality close to Jubilee Hills
Lemon Tree Hotels IPO subscribed 44 pc on Day 2 of bidding
Tue, Mar 27, 2018
The IPO to raise Rs 1,038.68 crore received bids for 5,72,16,945 shares against the total issue size of 12,98,35,580 shares, data available with the NSE showed. The portion set aside for qualified institutional buyers (QIBs) was subscribed 1.43 times, non institutional investors 5 per cent and retail investors 4 per cent
Hotel room rates to revive after a decade as occupancy rises
Tue, Mar 06, 2018
As occupancy levels across hotels in the country stabilise between 65% and 68%, the Indian hospitality industry is hoping for a revival in room rates that have largely remained subdued since past many years.
Lemon Tree on expansion mode, set to launch IPO
Wed, Feb 28, 2018
Lemon Tree Hotels is all set to launch its Initial Public Offering (IPO) worth Rs 1,000-1,200 crore by end of March.The New Delhi-based hotel had received the market regulator Sebi’s nod for IPO last year on December 22.
Lemon Tree Hotels IPO soon; CMD Patanjali Keswani has unusual take on shareholders
Tue, Feb 27, 2018
While Lemon Tree Hotels doesn’t have a direct competitor in the listed space, it will be counted among the likes of Indian Hotels, EIH, Mahindra Holidays, Hotel Leela Ventures and Royal Orchid Hotels on the bourses