Lemon Tree Hotels Limited (LTH) has signed a License Agreement for a 80 room Hotel, at the Sujalaam Skycity, Andal, Durgapur, West Bengal near the Kazi Nazrul Islam (KNI) airport, under the Company's brand "Lemon Tree Hotel". The Hotel is expected to be operational by January, 2023.
Carnation Hotels Private Limited, the hotel management arm of the Company will be operating and marketing this hotel and the Hotel is proposed to have banquet facilities, gym, spa, swimming pool, bar and All-Day-Diner.
The Hotel Operating Agreement and License Agreement for hotel property under development (59 rooms) in Shirdi has been terminated mutually with the consent of the parties.
Shares of Lemon Tree Hotels Ltd was last trading in BSE at Rs.57.35 as compared to the previous close of Rs. 55.95. The total number of shares traded during the day was 80192 in over 714 trades.
The stock hit an intraday high of Rs. 57.95 and intraday low of 55.25. The net turnover during the day was Rs. 4579851.