Lemon Tree Hotels has received a letter of Award (LOA) from Government of Meghalaya, Directorate of Tourism Shillong for Re-development, Operations and Maintenance, of Orchid Hotel, located at Shillong City, Meghalaya under Design, Build, Finance, Operate and Transfer mode on Public Private Partnership. The above hotel is proposed to be branded as Aurika, Shillong and is expected to be operational within the next 3 years. This Hotel will feature ~ 120 well-appointed rooms, a restaurant, a bar, a fitness center, banquet facilities, spa and other public areas. In terms of the above LoA, the Company shall designate a Special Purpose Vehicle as Concessionaire, which may be a Joint Venture subject to the approval of Board of Directors, for the purpose of executing the concession agreement between the Concessionaire and the Authority and to implement the project in accordance with the provisions of the said agreement. Powered by Capital Market - Live News

Lemon Tree Hotels announced that a Termination Agreement (hotel operation and license) has been executed between STOA Hospitality (Owner); Carnation Hotels (Operator) and Lemon Tree Hotels (Licensor) on 26 November 2024. The termination as per the said agreement will come into effect from 15 January 2025. Termination of the agreement has no significant impact on the Net worth of the Company. Powered by Capital Market - Live News

Net profit of Lemon Tree Hotels rose 30.86% to Rs 29.64 crore in the quarter ended September 2024 as against Rs 22.65 crore during the previous quarter ended September 2023. Sales rose 25.16% to Rs 284.37 crore in the quarter ended September 2024 as against Rs 227.20 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales284.37227.20 25 OPM %45.9844.84 - PBDT80.0457.64 39 PBT45.2635.04 29 NP29.6422.65 31 Powered by Capital Market - Live News

Lemon Tree Hotels will hold a meeting of the Board of Directors of the Company on 14 November 2024Powered by Capital Market - Live News

Lemon Tree Hotels has signed a License Agreement viz Lemon Tree Hotel, Dibrugarh, Assam. The property shall be managed by Carnation Hotels, a wholly- owned subsidiary of Lemon Tree Hotels and is expected to open in FY 2027. This Hotel will feature 65 well-appointed rooms, a restaurant, a bar, banquet hall, a swimming pool, a fitness center and other public areasPowered by Capital Market - Live News