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Lemon Tree Hotels shines on signing license agreement for 44 room hotel in Goa

Lemon Tree Hotels Ltd. | Hotel, Resort & Restaurants | Travel & Hospitality | BSE: 541233 | NSE: LEMONTREE

19 Dec 2019 Evaluate

Lemon Tree Hotels is currently trading at Rs. 61.30, up by 2.80 points or 4.79% from its previous closing of Rs. 58.50 on the BSE.

The scrip opened at Rs. 60.00 and has touched a high and low of Rs. 61.50 and Rs. 59.85 respectively. So far 37783 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 90.90 on 02-Apr-2019 and a 52 week low of Rs. 48.00 on 13-Aug-2019.

Last one week high and low of the scrip stood at Rs. 61.50 and Rs. 58.30 respectively. The current market cap of the company is Rs. 4844.59 crore.

The promoters holding in the company stood at 31.24%, while Institutions and Non-Institutions held 38.97% and 29.80% respectively.

Lemon Tree Hotels has signed a License Agreement for a 44 room Hotel located at Baga, Goa, under the Company’s brand ‘Lemon Tree Hotel’ and this will be its fifth Hotel in Goa. Carnation Hotel, a subsidiary and the hotel management arm of the Company will be operating and marketing this Hotel.

The Hotel is located at Baga, and will feature 44 well-appointed rooms and suites, complemented by a multi-cuisine restaurant - Citrus Cafe, a bar, meeting and conference spaces, a swimming pool, a well-equipped fitness center, a rejuvenating spa and more. The hotel, owned by Aqua Resorts and Spa, is expected to be flagged and re-launched in April 2020.

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, as of June 30, 2017.

Lemon Tree Hotels Share Price

114.55 0.35 (0.31%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Indian Hotel	659.55
ITC Hotels	162.45
EIH	321.55
Chalet Hotels	778.90
Mahindra Holi.&Resor	272.70
View more..

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Lemon Tree Hotels shines on signing license agreement for 44 room hotel in Goa

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