Lemon Tree Hotels hits 52-week high on signing agreements for 2 properties

Lemon Tree Hotel in Bhubaneswar will have 60 rooms and is expected to be operational by Q4 of FY2025. The Lemon Tree Mountain Resort in Kasauli will be in service by the third quarter of FY26

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Lemon Tree Hotels hit a 52-week high of Rs 108.50 in the early trade on August 21 after the company signed agreements for two properties in Odisha and Himachal Pradesh.

The company signed licence agreements under the “Lemon Tree Hotel” brand in Odisha’s Bhubaneswar and the Lemon Tree Mountain Resort in Kasauli.

Bhubaneswar Lemon Tree Hotel will have 60 rooms and is expected to be operational by Q4 of FY2025. Lemon Tree Mountain Resort in Kasauli will have 50 rooms and cottages and is expected to be operational by Q3 of FY
2026.

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The company had doubled its consolidated net profit in the June quarter at Rs 27.5 crore from the year-ago period.

The consolidated revenue increased 16.8 percent year-on-year (YoY) to Rs 226.4 crore, and earnings before interest, taxes, depreciation and amortization were up 15 percent at Rs 106.8 crore.

In July, the hotel chain signed a licence agreement for an 80-room property in Punjab and for a 72-room property in Lucknow’s Gomti Nagar.

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