The upcoming Lemon Tree Hotel, Bhuj, is set to open in FY 2026 and will be managed by Carnations Hotels, a subsidiary of Lemon Tree Hotels. Located in the heart of Kutch district, Bhuj is a city steeped in history and culture. Renowned for its intricate handicrafts, ancient monuments like the Aina Mahal, and the Rann of Kutch, Bhuj is emerging as a popular tourist destination. The new hotel will offer 74 well-appointed rooms, a restaurant, meeting facilities, a banquet hall, a swimming pool, a fitness center, and other amenities. Its strategic location, just 9 kilometers from Bhuj Airport and 4 kilometers from Bhuj Railway Station, ensures easy accessibility for both domestic and international travelers. Vilas Pawar, CEO- managed & franchise business, Lemon Tree Hotels commented, We are delighted to strengthen our portfolio in Gujarat, a state known for its arts, crafts as well as enterprising spirit of its residents. By expanding our footprint across different states and cities, we aim to make Lemon Tree Hotels the most preferred brand across different segments. This opening will be in addition to our seven existing and 12 upcoming hotels in the state. Lemon Tree Hotels Limited (LTHL) is a leading hotel chain in India, operating a diverse portfolio of hotels across various segments, including upscale, upper-midscale, midscale, and economy. With a strong focus on delivering high-quality service and value, LTHL offers seven distinct brands to cater to diverse guest needs. The company has a significant presence in major metro cities and tier I, II, and III cities across India. LTHL has also expanded its international footprint with hotels in Dubai, Bhutan, and Nepal. The company's consolidated net profit jumped 31% to Rs 29.64 crore on a 25% increase in net sales to Rs 284.37 crore in Q2 FY25 over Q2 FY24. Shares of Lemon Tree Hotels rose 0.85% to settle at Rs 147.85 on 13 December 2024. Powered by Capital Market - Live

The property shall be managed by Carnation Hotels, a wholly owned subsidiary of Lemon Tree Hotels and is expected to open in FY 2027. This hotel will feature 65 well-appointed rooms, a restaurant, a rooftop bar, banquet hall, meeting room, swimming pool, fitness center and other public areas. The Birsa Munda Airport is about 5 kms away while the Ranchi Junction is about 7 kms away from the property. The hotel is also well connected by roadways for both public and private transport. Vilas Pawar, CEO-managed & franchise business, Lemon Tree Hotels, said, 'We are delighted to announce the expansion of our portfolio in Jharkhand. By expanding our footprint across different states and cities, we aim to make Lemon Tree Hotels the most preferred brand across different segments. This opening will be in addition to our one existing and two upcoming hotels in the state.' Meanwhile, the company has announces the opening of Lemon Tree Resort at Thimphu, Bhutan. This managed resort is the second property of the group in the city and country. This hotel features 60 rooms and a villa, Citrus Caf' ' a multi-cuisine coffee shop and Slounge ' the hip recreation bar. The resort boasts expansive banquet spaces with a connecting pre-function area as well as meeting rooms to meet the discerning guests' business and events requirements along with a kid's room to keep the little guests entertained. Additionally, the company said that, of the 60 rooms and a villa, 48 rooms and a villa opened on opening day as part of phase I of the launch. The remaining rooms along with a well-equipped fitness center, a refreshing heated swimming pool and Fresco ' a rejuvenating spa will open shortly thereafter, as part of phase II. Both announcements were made after market hours on Thursday, 12 December 2024. Lemon Tree Hotels its principal activities are to carry out the business of developing, owning, acquiring, operating, managing, renovating, and promoting hotels, motels, resorts, restaurants, etc. under the brand name of Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima and Keys Lite. The company's consolidated net profit jumped 32.79% to Rs 35.03 crore on a 23.96% increase in revenue from operations to Rs 284.36 crore in Q2 FY25 over Q2 FY24. The scrip slipped 1.33% to Rs 144.65 on the BSE. Powered by Capital Market - Live

The property shall be managed by Carnation Hotels, a wholly-owned subsidiary of Lemon Tree Hotels, and is expected to open in FY 2028. Lemon Tree Hotel, Mirik, West Bengal, will feature 50 well-appointed rooms, a restaurant, a bar, a meeting room, a banquet, a swimming pool, a fitness centre, and other public areas. Vilas Pawar, CEO, managed & franchise business, Lemon Tree Hotels, said, 'We are thrilled to announce our further expansion in West Bengal. This new addition will complement our two existing and one upcoming property in the state, reinforcing our dedication to delivering exceptional hospitality and unforgettable experiences across the country.' Lemon Tree Hotels its principal activities are to carry out the business of developing, owning, acquiring, operating, managing, renovating, and promoting hotels, motels, resorts, restaurants, etc. under the brand names Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima, and Keys Lite. The company's consolidated net profit jumped 32.79% to Rs 35.03 crore on a 23.96% increase in revenue from operations to Rs 284.36 crore in Q2 FY25 over Q2 FY24. Shares of Lemon Tree Hotels fell 1.31% to Rs 139.25 on the BSE.Powered by Capital Market - Live

The company has received LoA from Directorate of Tourism Shillong, Government of Meghalaya under design, build, finance, operate and transfer mode on public private partnership. In terms of the above LoA, the company shall designate a special purpose vehicle (SPV) as concessionaire, which may be a joint venture (JV) subject to the approval of board of directors. The said hotel is proposed to be branded as Aurika, Shillong and is expected to be operational within the next 3 years. This Hotel will feature around 120 well-appointed rooms, a restaurant, a bar, a fitness center, banquet facilities, spa and other public areas. The concession period shall be 45 Years from the appointed date which includes three years for construction/development. Patanjali G. Keswani, chairman and managing director, Lemon Tree Hotels, said, 'We are delighted to have received this Letter of Award from the Government of Meghalaya, to redevelop and operate an iconic property in the beautiful city of Shillong. We will be redeveloping the hotel in line with the standards of our upscale Aurika brand, and relaunching it as Aurika, Shillong.' Lemon Tree Hotels its principal activities are to carry out the business of developing, owning, acquiring, operating, managing, renovating, and promoting hotels, motels, resorts, restaurants, etc. under the brand names Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima, and Keys Lite. The company's consolidated net profit jumped 32.79% to Rs 35.03 crore on 23.96% increase in revenue from operations to Rs 284.36 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

Lemon Tree Hotels has received a letter of Award (LOA) from Government of Meghalaya, Directorate of Tourism Shillong for Re-development, Operations and Maintenance, of Orchid Hotel, located at Shillong City, Meghalaya under Design, Build, Finance, Operate and Transfer mode on Public Private Partnership. The above hotel is proposed to be branded as Aurika, Shillong and is expected to be operational within the next 3 years. This Hotel will feature ~ 120 well-appointed rooms, a restaurant, a bar, a fitness center, banquet facilities, spa and other public areas. In terms of the above LoA, the Company shall designate a Special Purpose Vehicle as Concessionaire, which may be a Joint Venture subject to the approval of Board of Directors, for the purpose of executing the concession agreement between the Concessionaire and the Authority and to implement the project in accordance with the provisions of the said agreement. Powered by Capital Market - Live

Both properties shall be managed by Carnation Hotels, a wholly owned subsidiary of Lemon Tree Hotels. The hotel in Mussoorie is expected to open in FY26 and the Varanasi one will become operational by FY28. This hotel will feature 47 well-appointed rooms, a restaurant, a rooftop lounge, a banquet, a meeting room, a swimming pool, a fitness center, and other public areas. The hotel is also well connected by road, making it accessible by both public and private transport. Vilas Pawar, CEO-managed & franchise business, Lemon Tree Hotels, said, We are thrilled to announce two signings that expand our presence in neighbouring states. While Uttarakhand has nine operational and six upcoming properties, Uttar Pradesh has seven operational and eight upcoming hotels across the state. The signings testify to our dedication to providing exceptional hospitality and unforgettable experiences in two of India's most vibrant destinations.' Lemon Tree Hotels its principal activities are to carry out the business of developing, owning, acquiring, operating, managing, renovating, and promoting hotels, motels, resorts, restaurants, etc. under the brand names Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima, and Keys Lite. Shares of Lemon Tree Hotels rose 0.65% to Rs 131.45 on the BSE. Powered by Capital Market - Live

Lemon Tree Hotels announced that a Termination Agreement (hotel operation and license) has been executed between STOA Hospitality (Owner); Carnation Hotels (Operator) and Lemon Tree Hotels (Licensor) on 26 November 2024. The termination as per the said agreement will come into effect from 15 January 2025. Termination of the agreement has no significant impact on the Net worth of the Company. Powered by Capital Market - Live

Profit before tax (PBT) increased 29.2% to Rs 45.26 crore during the quarter as compared with Rs 35.03 crore in Q2 FY24. EBITDA stood at Rs 131.2 crore in Q2 FY25, up 25.19% as compared with Rs 104.8 crore posted in corresponding quarter last year. EBITDA margin stood at 46.1% in Q2 FY25 as against 45.5% in Q2 FY24. During the quarter, gross ARR (average revenue per room) increased 12.03% YoY to Rs 5,902 crore during the quarter while occupancy rate declined to 68.4% in Q2 FY25 as against 71.7% in Q2 FY24. RevPAR (revenue per available room) jumped 7% to Rs 4,035 crore in Q2 FY25 as compared with Rs 3,770 crore in Q2 FY24. Patanjali Keswani, chairman & managing director, Lemon Tree Hotels, said, 'In Q2 FY25, if we exclude the increase in renovation expenses of Rs 8 crore (above that spent last year), in Q2 our Net EBITDA margin would be 48.9%, a 340 bps increase Y-o-Y. With demand growth expected to exceed supply growth in the next few years accompanied by the structural tailwinds in discretionary consumption of branded rooms that India is starting to witness, our increased investment in renovation will allow us to better position our hotels going forward to capture superior pricing and position Lemon Tree as the brand of choice in the mid-market segment. Fees from management & franchised contracts for 3rd party owned hotels stood at Rs 13.4 crore in Q2 FY25 which increased by 28% Y-o-Y. Fees from Fleur Hotels stood at Rs 18.4 crore in Q2 FY25 which increased by 35% Y-o-Y. Total management fees for Lemon Tree stood at Rs 31.8 crore in Q2 FY25 which increased by 32% Y-o-Y. Our debt decreased by Rs 90 crore from Rs 1,912.6 crore as of 30th September 2023 to Rs 1,822.6 crore as of 30th September 2024. Cash profit for the company stood at Rs 69.8 crore in Q2 FY25 which increased by 43% Y-o-Y. During the quarter, we signed 19 new management & franchise contracts which added 1,373 new rooms to our pipeline and operationalized 5 hotels which added 193 rooms to our portfolio. As of 30th September, 2024 the inventory for the group stands at 112 operational hotels with 10,318 rooms, and a pipeline of 75 hotels with 5,220 rooms.' Lemon Tree Hotels its principal activities are to carry out the business of developing, owning, acquiring, operating, managing, renovating, and promoting hotels, motels, resorts, restaurants, etc. under the brand name of Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima and Keys Lite. The counter jumped 2.70% to settle at Rs 121.50 on Thursday, 14 November 2024.Powered by Capital Market - Live

Net profit of Lemon Tree Hotels rose 30.86% to Rs 29.64 crore in the quarter ended September 2024 as against Rs 22.65 crore during the previous quarter ended September 2023. Sales rose 25.16% to Rs 284.37 crore in the quarter ended September 2024 as against Rs 227.20 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales284.37227.20 25 OPM %45.9844.84 - PBDT80.0457.64 39 PBT45.2635.04 29 NP29.6422.65 31 Powered by Capital Market - Live

Lemon Tree Hotels will hold a meeting of the Board of Directors of the Company on 14 November 2024Powered by Capital Market - Live