Lemon Tree forays into Dubai and the Middle-East with a signing of a License Agreement for a 114 room hotel in Dubai under the Company's brand 'Lemon Tree Hotel'. The hotel is expected to be operational by June, 2019.
Carnation Hotels Private Limited, the hotel management arm of the Company will be operating and marketing this hotel.
Shares of Lemon Tree Hotels Ltd was last trading in BSE at Rs.68.7 as compared to the previous close of Rs. 68.9. The total number of shares traded during the day was 23359 in over 358 trades.
The stock hit an intraday high of Rs. 69.85 and intraday low of 68.4. The net turnover during the day was Rs. 1611719.