Stock Report

Lemon Tree Hotels signs a new property in Badrinath, Uttarakhand

Posted On : 2023-10-20 14:32:11( TIMEZONE : IST )

Lemon Tree Hotels signs a new property in Badrinath, Uttarakhand

Lemon Tree Hotels announced its latest signing - Lemon Tree Hotel, Badrinath, Uttarakhand. The property is expected to open by FY25 and shall be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary and the management arm of Lemon Tree Hotels Limited.

Situated along the banks of the Alakananda River in Uttarakhand, Badrinath is one of the four holy "Dhams" revered by Hindus. Famous for its temple dedicated to Lord Vishnu, the city enjoys a tranquil and idyllic vibe. Besides the famous Badrinath Temple, the city also has the Tapt Kund, a natural thermal spring with medicinal properties. One can also trek to the base of the Nilkantha Peak, which is said to receive the first rays of the sun every day at dawn and offers a splendid backdrop for the Badrinath Temple.

Lemon Tree Hotel, Badrinath will feature 72 well-appointed rooms, one restaurant and other public areas. The Jolly Grant Airport, Dehradun is about 305 kms while the Rishikesh Railway Station is about 290 kms away. The hotel is also well connected by roadways for both public and private transport.

Speaking on the occasion, Mr. Mahesh Aiyer, CEO - Carnation Hotels (the management subsidiary of Lemon Tree Hotels), commented, "We are delighted to announce the expansion of our portfolio in Uttarakhand with our valued partner M/s. Lotus Enterprises.Religious tourism is a rapidly growing segment and we, as a brand, are actively expanding in this segment. This opening will be in addition to our eight existing and six upcoming hotels and resorts in the state".

Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 122.85 as compared to the previous close of Rs. 121.35. The total number of shares traded during the day was 264344 in over 2558 trades.

The stock hit an intraday high of Rs. 123.35 and intraday low of 119.20. The net turnover during the day was Rs. 32268367.00.

Source : Equity Bulls


LemonTreeHotels INE970X01018 NewProperty Badrinath Uttarakhand