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Lemon Tree Hotels gains on signing Franchise Agreement for upcoming hotel in Mussoorie

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

29 Dec 2023 Evaluate

Lemon Tree Hotels is currently trading at Rs. 120.50, up by 1.00 points or 0.84% from its previous closing of Rs. 119.50 on the BSE.

The scrip opened at Rs. 120.80 and has touched a high and low of Rs. 122.00 and Rs. 120.15 respectively. So far 97534 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 126.70 on 15-Sep-2023 and a 52 week low of Rs. 71.95 on 27-Jan-2023.

Last one week high and low of the scrip stood at Rs. 122.10 and Rs. 117.50 respectively. The current market cap of the company is Rs. 9594.10 crore.

The promoters holding in the company stood at 23.28%, while Institutions and Non-Institutions held 38.23% and 38.48% respectively.

Lemon Tree Hotels has signed a Franchise Agreement for upcoming hotel in Mussoorie, Uttarakhand under the Company’s brand ‘Lemon Tree Hotel'. This opening will be in addition to its eight existing and seven upcoming hotels & resorts in the state. The property which shall be franchised by Lemon Tree Hotels, is expected to open in FY25.

Nestled amidst the foothills of the Himalayas, Mussoorie reigns supreme as the ‘Queen of the Hills’. This captivating hill station in India's Uttarakhand state beckons with its breathtaking beauty and diverse offerings. A captivating paradise for leisure travellers, it is a perfect summer resort. Mussoorie spreads across at a height of 2,000 m above sea level.

The property will feature 60 well-appointed rooms, restaurants, meeting rooms, heated swimming pool, fitness center, spa, recreation room and other public areas. The Jolly Grant Airport, Dehradun is 30 kms away while the Dehradun railway station is 28 kms from the hotel. The hotel is also well connected by roadways for both public and private transport.

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.

Lemon Tree Hotels Share Price

121.50 -1.20 (-0.98%)

23-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Indian Hotel	638.90
ITC Hotels	160.50
EIH	331.60
Chalet Hotels	788.65
Mahindra Holi.&Resor	267.25
View more..

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Lemon Tree Hotels gains on signing Franchise Agreement for upcoming hotel in Mussoorie

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