Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

Lemon Tree Hotels signs new hotel in Biratnagar in Nepal

Posted On: 2021-03-08 09:08:16 (Time Zone: Arizona, USA)


Lemon Tree Hotels Limited announced its latest international signing~ a Lemon Tree Premier in Biratnagar in Nepal. The hotel shall be operated through its subsidiary and management arm, Carnation Hotels Pvt. Ltd. This hotel, owned by Nepal International Hospitality Pvt Ltd, is expected to open in January 2023.

Biratnagar is a metropolitan city in Province 1 in Nepal. It is located 400 km east of the capital, Kathmandu, 175 km south of Mount Everest, the highest peak in the world, and just 6 km north of the bordering town of Jogbani in the Indian state of Bihar. Its strategic location serves as an entry point to eastern Nepal as well as north-eastern India, Considered to be the industrial capital of Nepal, the city is home to the Biratnagar Jute Mills, the country's first large-scale industry, as well as the birthplace of five prime ministers of Nepal.

Located in the capital city of Province No. 1, this premier property will feature 80 well-appointed rooms and suites, complemented by a multi-cuisine restaurant, a bar, and a specialty pan-Asian restaurant. It will also have meeting and event spaces, and premium recreational facilities, including a spa, swimming pool and fitness center.

Speaking on the occasion, Mr. Rattan Keswani, Deputy Managing Director - Lemon Tree Hotels and Director - Carnation Hotels, commented, "We are delighted to expand our upcoming portfolio in Nepal with Nepal International Hospitality. Nepal is not just a country with which we, as a nation, have close personal ties, but is also a region that we feel holds immense business and tourism potential, with its scenic locales and stunning mountains. The addition of this hotel will help expand our reach in the country, and add to our repertoire of hotels in the region. The planned casino, which will be built adjacent to the hotel, will be an added USP and provide an exclusive offering for our quests."

Shares of Lemon Tree Hotels Ltd was last trading in BSE at Rs.42.7 as compared to the previous close of Rs. 43.05. The total number of shares traded during the day was 111861 in over 467 trades.

The stock hit an intraday high of Rs. 44.8 and intraday low of 42.3. The net turnover during the day was Rs. 4808491.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com


Other Headlines:

IIFL Securities Limited to acquire Category II AIF from IIFL Wealth Management Ltd

HDFC Bank Limited to raise up to Rs. 50,000 crore

Indo Asian Finance Ltd to consider allotment of 60 lakh shares on April 20, 2021

KEC International Limited Resumption of WKTL Transmission Project

IIFL Wealth Management Ltd to sell AIF Category-II business to IIFL Management Services Ltd

International Travel House Ltd Q4FY21 loss at Rs. 6.70 crore

Gujarat Hotels Ltd Q4FY21 net profit slides YoY, QoQ

ICICI Lombard General Insurance Company Limited board recommends final dividend of Rs. 4

Gujarat Hotels Ltd board recommends dividend of Rs. 1.80 for FY21

ICICI Lombard General Insurance Company Ltd reports Rs. 345.68 crore PAT in Q4FY21

HDFC Bank Ltd's gross NPAs at 1.32%, reduces QoQ

HDB Financial Services Ltd's gross NPAs at 3.9% as of March 31, 2021

HDFC Securities Ltd reports PAT of Rs. 253.1 crore in Q4FY21

Career Point signed MOU with Ministry of Social Justice and Empowerment for tutorial services

HDFC Bank's balance sheet increases 14.1% YoY

Indiamart arm to acquire 22% in Truckhall Pvt Ltd

HDFC Bank Ltd Q4FY21 consolidated net profit slips QoQ to Rs. 8433.78 crore

CRISIL downgrades rating of PVR Ltd

Hatsun Agro Product Ltd board to consider FY21 results on April 27, 2021

Choice International Limited allots 34,49,989 Equity Shares on Conversion of Warrants

Adani Renewable Energy Holding Fifteen Ltd receives 159 MWac solar power project

Coforge Limited board approves issue of NCDs for Rs. 340 crore

Glenmark Life Sciences Ltd files DRHP with SEBI for IPO

KDDL Limited extends rights issue closure date to May 3, 2021

SG Shinagawa Refractories India Private Limited commences commercial operation

Prestige Estates Projects Limited acquires stake in companies having land bank in North Bangalore

ABB Power Products and Systems India Ltd board to announce Q1CY2021 results on May 5, 2021

GE Power India Limited signs SPA with GE Power Systems GmbH

Carborundum Universal Ltd board to approve final dividend and FY21 results on April 28, 2021

PNB Housing Finance Ltd board to consider FY21 results, dividend and NCD issue on April 27, 2021

ESAF Small Finance Bank raises Rs 162 Cr through preferential allotment

Everything Summer - Bahamas launches new Spring Summer collection 2021

MCX and Nihilent Technologies partners with Times OOH

44 meritorious students benefit from Vedanta's Utkarsh Scholarship awarded in presence of Goa CM

Robot-Assisted Cancer Surgery Unit Launched in Apollo Proton Cancer Centre

IndiGo is the leader in COVID vaccine distribution in the country over the last three months

Peter England launches 'The Antiviral* Linen Project' with new brand campaign 'Easy On You'

Den Networks Ltd Q4FY21 consolidated PAT drops QoQ to Rs. 36.98 crore

Isgec Heavy Engineering, United Conveyor Corporation sign agreement

Mindtree Ltd posts consolidated of Rs. 317.3 crore in Q4FY21

Government of Ghana to takeover ownership of AirtelTigo Joint Venture

ICRA retains ratings of Nahar Industrial Enterprises Ltd

NTPC to issue Non-Convertible Bonds

CRISIL retains rating of NGL Fine-Chem Ltd

GTPL Hathway's Consolidated FY21 PAT at ₹ 1,885 million, up by 145%

DCB Bank Limited receives RBI nod for reappointment of Mr. Murali M. Natrajan as MD & CEO

Mindtree Ltd Board approves final dividend of Rs. 17.50

RITES consortium emerges L1 in Railway project in Bangladesh

Ashok Leyland Delivers Light Bullet Proof Vehicles to Indian Air Force in collaboration with Lockheed Martin

Maruti Suzuki India Ltd increases price of select models from April 16, 2021


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020