Lemon Tree Hotels Expands Footprint with New Property Agreement in Greater Noida
Lemon Tree Hotels has signed a Heads of Agreement (HOA) for a new property in Greater Noida, Uttar Pradesh, marking a significant expansion move in the National Capital Region (NCR). While specific details about the property's size, exact location, and development timeline are not yet disclosed, this strategic move aims to strengthen the company's presence in key urban centers. The new hotel could potentially enhance Lemon Tree's market position in the NCR, catering to both business and leisure travel segments in the rapidly developing Greater Noida area.
19Jun 25
Lemon Tree Hotels Expands Footprint with New 60-Room Property in Madhya Pradesh
Lemon Tree Hotels has announced a strategic partnership to open a new 60-room hotel in Madhya Pradesh. This expansion aims to strengthen the company's presence in the state, known for its cultural heritage and growing tourism sector. The mid-scale accommodation will cater to both business and leisure travelers, aligning with Lemon Tree's strategy to tap into emerging markets in tier-2 and tier-3 cities. The new property is expected to create local employment opportunities and potentially boost regional tourism.
12Jun 25
Lemon Tree Hotels Expands Footprint with New 'Lemon Tree Premier' in Mhow, Madhya Pradesh
Lemon Tree Hotels has signed a license agreement for a new 72-room 'Lemon Tree Premier' hotel in Mhow, Madhya Pradesh. The property will be operated by Carnation Hotels, a subsidiary of Lemon Tree Hotels. This expansion marks the company's strategic move into tier-2 and tier-3 cities, potentially strengthening its position in the Indian hospitality market.
02Jun 25
Lemon Tree Hotels Reports 15% RevPAR Growth in Q4, Driven by Occupancy Boost
Lemon Tree Hotels experienced a 15% year-over-year increase in Revenue Per Available Room (RevPAR) in the fourth quarter. Occupancy rates rose by 557 basis points compared to the previous year. The Aurika brand performed exceptionally well with a 25% RevPAR growth. Average Room Rate (ARR) growth was less pronounced across properties. Nirmal Bang maintained a 'Hold' rating on the stock.
29May 25
Lemon Tree Hotels Reports 26% Surge in Q4 Profit, Revenue Climbs 16%
Lemon Tree Hotels announced strong Q4 results with net profit rising 26.5% to ₹847.00 million. Revenue increased by 16.2% to ₹3,800.00 million, while EBITDA grew 19% to ₹2,040.00 million. The EBITDA margin expanded to 53.92%, showcasing improved operational efficiency. The company's performance indicates robust growth across key financial metrics, reflecting strong demand for its services and effective cost management.
21May 25
Lemon Tree Hotels Expands Footprint in Goa with Fifth Property
Lemon Tree Hotels has launched its fifth property in Goa, named Lemon Tree Hotel, Arpora. The new hotel features 56 rooms, adding to the company's growing portfolio in the popular tourist destination. This strategic expansion aims to strengthen Lemon Tree's position in the competitive Goan hospitality market and cater to a wider range of travelers.
Lemon Tree Hotels Expands Rajasthan Footprint with 10th Property in Kota
Lemon Tree Hotels has launched its 10th property in Rajasthan, 'Keys Prima by Lemon Tree Hotels', located in Kota. The new hotel features 58 rooms and suites, multiple dining options, spa facilities, a swimming pool, fitness centre, and banquet spaces. This addition caters to Kota's diverse visitors, including students and business travelers. The launch strengthens Lemon Tree's presence in Rajasthan and expands its portfolio to over 210 hotels across India and internationally.
18Mar 25
Lemon Tree Hotels Expands Footprint with New 50-Room Property in Bokaro
Lemon Tree Hotels has signed a license agreement for a new 50-room property in Bokaro, Jharkhand, expected to open in FY 2027. The 'Keys Select by Lemon Tree Hotels, Bokaro' will offer amenities including a restaurant, banquet facilities, meeting rooms, rooftop bar, fitness center, and swimming pool. Located in a major industrial hub, the hotel will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited. This expansion adds to Lemon Tree's portfolio of over 210 properties across India and internationally.
20Feb 25
Lemon Tree Hotels' Subsidiary Wins Arbitration Award of ₹114.7 Million
Fleur Hotels Limited, a material subsidiary of Lemon Tree Hotels, has won an arbitration case against Hind Inns & Hotels Ltd. and Hind Motors. The award includes a refundable security deposit of ₹114,735,650 with 9% interest per annum from May 24, 2020. Additional expenses of ₹273,501 will also be reimbursed with interest. The respondents must pay within one month or face 11% interest on the total amount. Separately, Lemon Tree Hotels terminated an agreement for its Red Fox property in Neelkanth, Uttarakhand.