Lemon Tree Hotels Ltd has signed a License Agreement for a 70 room property located near BKC, Mumbai under the Company's brand 'Lemon Tree Hotel'. The Hotel is expected to be operational by June, 2019.
Carnation Hotel Private Limited, the hotel management arm of the Company will be operating and marketing this Hotel.
This Hotel is addition to the two (2) other upcoming owned hotels of the Lemon Tree Group in Mumbai with a combined inventory of approx 1000 rooms.
Shares of Lemon Tree Hotels Ltd was last trading in BSE at Rs.69.35 as compared to the previous close of Rs. 69.6. The total number of shares traded during the day was 23705 in over 185 trades.
The stock hit an intraday high of Rs. 70.45 and intraday low of 69.2. The net turnover during the day was Rs. 1648129.