LEMONTREE
Lemon Tree Hotels Limited
NSE BSELast Traded Price
₹115.96
-2.45 (-2.07%)
Open
₹118.77
High
₹118.77
Low
₹115.6
Prev Close
₹118.41
Industry
Hotels & Resorts
Market Cap
9183.72 Cr
Filing History
Recent corporate announcements and filings for LEMONTREE
Business Update
Positive
2026-11-06 15:10
Lemon Tree Hotels has signed a License Agreement for a 65-room property, Keys Select by Lemon Tree Hotels, in Mathura, Uttar Pradesh.
The hotel will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of the company.
It will feature a restaurant, banquet hall, meeting facilities, swimming pool, spa, and fitness centre.
Business Update
Positive
2026-11-05 22:46
- Q2 FY27 Total Revenue grew 18% YoY to ₹363.8 Cr; Net EBITDA rose 22% YoY to ₹162.2 Cr.
- PAT surged 90% YoY to ₹79.8 Cr with occupancy up 633 bps to 76.1%.
- Acquired land in Bandra, Mumbai for ₹120 Cr for a 172-room hotel expected to open in FY30.
Financials
Neutral
2026-11-05 20:57
Q2 FY27 Consolidated Revenue ₹361.38Cr vs ₹306.28Cr (▲18% YoY)
EBITDA ₹184.52Cr vs ₹133.48Cr (▲38% YoY)
PAT ₹79.76Cr vs ₹41.93Cr (▲90% YoY)
EBITDA Margin 51% vs 44% (▲748bps)
Business Update
Neutral
2026-11-05 13:20
Concall Schedule
Concall Date: November 11, 2026
Concall Time: 4:00 PM IST
Business Update
Positive
2026-11-04 17:16
- Lemon Tree Hotels Limited announced the opening of Lemon Tree Resort, Pavagadh in Gujarat, managed by its subsidiary Carnation Hotels Private Limited.
- The new resort features 44 rooms across five categories, a multi-cuisine restaurant, banquet hall, boardrooms, swimming pool, spa, and fitness center.
- This launch marks the group's 11th operational resort and expands its footprint in Gujarat, where it has 14 operational hotels and 18 in the pipeline.
Business Update
Positive
2026-11-01 14:01
- Lemon Tree Hotels announced the strategic brand elevation and rebranding of three key properties in Bengaluru and Hyderabad effective November 01, 2026.
- Lemon Tree Hotel, Electronics City, Bengaluru is now rebranded as Lemon Tree Premier, Electronics City (175 rooms).
- Lemon Tree Hotel, Gachibowli, Hyderabad is now rebranded as Lemon Tree Premier, Gachibowli (190 rooms).
- Red Fox Hotel, Hitec City, Hyderabad is now rebranded as Lemon Tree Hotel, Hitec City (121 rooms).
- The rebranding follows extensive property renovations to align with upscale and upper-midscale brand standards.
Business Update
Positive
2026-10-27 21:12
Lemon Tree Hotels has signed a license agreement for a new hotel, Lemon Tree Hotel, Sirhind, featuring 76 rooms. The property will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary, and will include dining, wellness, and event facilities.
Business Update
Positive
2026-10-23 22:02
Lemon Tree Hotels has signed a License Agreement for a new hotel, Keys Lite by Lemon Tree Hotels, in Bhilwara, Rajasthan. - The property will feature 63 rooms, a restaurant, banquet, fitness centre, and meeting spaces, managed by its subsidiary Carnation Hotels Private Limited. - This addition expands the group's portfolio to 24 hotels in Rajasthan.
Routine
Neutral
2026-10-16 21:40
- Lemon Tree Hotels informed that its material subsidiary, Fleur Hotels Limited, received a partially favorable order from the First Appellate Authority regarding a CGST demand for FY2018.
- The Appellate Authority held that the liability of interest on irregular ITC will not arise.
- The order was received on October 16, 2026.
- There is no material impact on the company's financials or operations.
Business Update
Positive
2026-10-16 14:39
Order Win: Lemon Tree Hotels and its subsidiary Carnation Hotels signed an MOU with Omaxe Limited to operate ~4,000 keys.
Details: Hospitality sites will span transit hubs, pilgrimage destinations, and commercial districts across Lucknow, Vrindavan, Amausi, Amritsar, Ghaziabad, Greater Noida, Kaushambi, and Faridabad.
Impact: Represents the company's largest single operating arrangement, increasing its development pipeline to nearly 16,000 keys.
Business Update
Positive
2026-10-13 20:10
Lemon Tree Hotels has signed a Franchise Agreement for a new hotel, Keys Select by Lemon Tree Hotels, in Bareilly, Uttar Pradesh.
- The hotel will feature 52 rooms, a multi-cuisine restaurant, banquet, conference hall, and fitness center.
- This marks the group's 26th property (8 operational and 18 upcoming) in Uttar Pradesh.
Governance
Neutral
2026-10-09 18:45
- Lemon Tree Hotels Limited informed the exchange about a modification in the Trust Deed of 'Krizm Hotels Pvt. Ltd. Employees Welfare Trust' pursuant to Regulation 3(3) of SEBI (SBEB and Sweat Equity) Regulations, 2021.
- Mr. Vikramjit Singh and Mr. Rajiv Tyagi ceased to be trustees, and the trust will now be administered by Ms. Aradhana Lal, Mr. Naresh Kumar, and Ms. Vibhuti Verma.
- Additional powers were granted to the trustees regarding the sale of shares, repayment of company loans, and utilizing trust funds for employee welfare facilities.
Routine
Positive
2026-10-08 21:43
- Commissioner (Appeals), Central Excise & CGST, Jaipur set aside the tax demand and penalty imposed on Sukhsagar Complexes Private Limited, a subsidiary of Lemon Tree Hotels Limited.
- The original demand of Rs. 82,554/- and penalty of Rs. 82,554/- were held unsustainable.
- There is no financial impact as the liability has been completely removed.
Business Update
Positive
2026-09-30 20:26
- Lemon Tree Hotels announced the opening of a new 65-room property, Keys Prima by Lemon Tree Hotels, in Darjeeling.
- This is the group's first hotel in Darjeeling and its third operational property in West Bengal, with three more in the state pipeline.
- The hotel features a multi-cuisine restaurant, a bar, a fitness center, and an outdoor lawn for events.
Business Update
Positive
2026-09-25 18:39
- Lemon Tree Hotels Limited announced the opening of Lemon Tree Resort, Nashik, a 71-key lakeside retreat near Gangapur Dam.
- This marks the group's second property in Nashik and 16th operational hotel in Maharashtra.
- The property is managed by Carnation Hotels Private Limited, a wholly owned subsidiary of the company.
Business Update
Positive
2026-09-24 21:35
Lemon Tree Hotels' material subsidiary, Fleur Hotels, acquired a land parcel in Bandra (East), Mumbai for ₹120 crores.The land will be used to develop an upscale 172-key 'Lemon Tree Premier' hotel, marking the group's 7th property in Mumbai.
Business Update
Positive
2026-09-24 21:30
Lemon Tree Hotels announced that its material subsidiary, Fleur Hotels Limited, has completed the acquisition of a land parcel measuring approximately 989.30 square meters in Bandra (East), Mumbai.
The land was acquired for a total consideration of ₹120 Crores (excluding stamp duty and registration charges) to develop an upscale full-service hotel under the 'Lemon Tree Premier' brand.
The proposed property will feature approximately 172 keys, marking the group's 7th property in Mumbai.
Governance
Negative
2026-09-24 21:04
CRITICAL RED FLAG DETECTED
- Mr. Pawan Kumar Kumawat has resigned as the Company Secretary and Compliance Officer (Key Managerial Personnel) of Lemon Tree Hotels Limited.
- His resignation is effective from the close of working hours on November 23, 2026, due to personal reasons.
Business Update
Positive
2026-09-24 20:38
Lemon Tree Hotels has signed a license agreement for a new property, Lemon Tree Hotel, Patancheru in Telangana.
- The hotel will feature 90 rooms and amenities including a restaurant, banquet hall, and fitness center.
- The property will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary.
- This marks the group's 8th property in Telangana, expanding its footprint in the state.
Routine
Neutral
2026-09-23 13:47
- The trading window for Designated Persons of Lemon Tree Hotels will close from October 1, 2026.
- This is in anticipation of the unaudited financial results for the quarter and half year ended September 30, 2026.
- It will remain closed until 48 hours after the results are declared.
Business Update
Positive
2026-09-22 21:46
- Lemon Tree Hotels Limited received 'no objection' from NSE and 'no adverse observations' from BSE for its draft Composite Scheme of Arrangement. This clears a key regulatory hurdle for the scheme involving LTH and several other hotel companies. The observation letters are valid for six months, within which the scheme must be submitted to NCLT.
Business Update
Neutral
2026-09-22 20:52
- Investor/Analyst Meet Schedule
- Date: September 28, 2026
- Event: PL Capital Mid & Small Cap Conference 2026 | "Emerging Titans: Unlocking India's Next Growth Leaders"
- Format: One on One/Group Physical Meetings
- Location: Trident BKC, Mumbai
- Note: No UPSI or material information will be shared.
Business Update
Positive
2026-09-22 20:29
- Lemon Tree Hotels announced the opening of Keys Prima by Lemon Tree Hotels, Nashik, its debut in the city. Its the 15th operational hotel in Maharashtra for the Group and features 48 rooms and suites.
Governance
Positive
2026-09-21 21:26
- Members of Lemon Tree Hotels Limited approved the appointment of Mr. Patanjali Govind Keswani as Chairman and Non-Executive Director, effective April 1, 2027. This ensures continuity and strategic guidance.
Business Update
Positive
2026-09-18 22:12
- Fleur Hotels Limited, a material subsidiary of Lemon Tree Hotels, approved the purchase of a land parcel in Mumbai for hotel development.
- It also approved the incorporation of a wholly-owned subsidiary in the Republic of Maldives for hospitality operations.
- The Maldives subsidiary will be 100% owned by Fleur Hotels Limited with an initial capital of 2000 Maldivian Rufiyaa.
Business Update
Positive
2026-09-17 18:35
- Lemon Tree Hotels announced the opening of Lemon Tree Premier, Jabalpur, marking its entry into the city. - The hotel features 80 rooms and suites. - This opening strengthens the group's presence in Madhya Pradesh, now with four operational hotels and eleven more properties in the pipeline in the state.
Business Update
Positive
2026-09-15 20:14
- Lemon Tree Hotels announced the opening of Keys Lite by Lemon Tree Hotels, Moga. The new hotel features 33 rooms.
- This marks the company's entry into Moga, making it their fourth operational hotel in Punjab, with nine more properties in the state's pipeline.
- The property is operated under a franchise agreement and targets India's fast-growing Tier-3 markets.
Business Update
Positive
2026-09-14 21:26
- Lemon Tree Hotels Limited, through its wholly-owned subsidiary Carnation Hotels Private Limited, has executed a Joint Venture Agreement (JVA) with RJ Corp Limited for the development and execution of the Aurika Shillong project.
- RJ Corp will acquire a 49% stake in Arum Hotels Private Limited (the Special Purpose Vehicle for the project) by subscribing to fresh equity shares.
- Carnation Hotels will hold 51% of Arum's equity share capital.
- Post-transaction, Arum will cease to be a wholly-owned subsidiary but will continue as a step-down subsidiary of Lemon Tree Hotels Limited.
Business Update
Positive
2026-09-14 21:11
- Lemon Tree Hotels' subsidiary, Carnation Hotels Private Limited, executed a Joint Venture Agreement (JVA) with RJ Corp Limited for the development of the Aurika Shillong project through Arum Hotels Private Limited (SPV).
- Post JVA, RJ Corp will acquire a 49% stake in Arum by subscribing to 47,65,394 equity shares, while Carnation will hold 51%.
- Arum Hotels Private Limited will cease to be a wholly-owned step-down subsidiary of Lemon Tree Hotels.
Business Update
Negative
2026-09-08 21:16
CRITICAL RED FLAG DETECTED
- Lemon Tree Hotels' subsidiary, Berggruen Hotels Private Limited, received an intimation from the Deputy Commissioner of Commercial Taxes, Bengaluru, on September 8, 2026.
- The intimation is for GST, Interest, and Penalty proposed for FY 2022-23, totaling approximately ₹5.63 Cr.
- The subsidiary is evaluating the grounds and plans to file objections by September 21, 2026, and pursue further legal recourse if necessary.
- The company states no material impact on financial operations beyond the demanded amount.
Business Update
Positive
2026-09-04 18:36
- Lemon Tree Hotels signed two License Agreements for new properties in Bodhgaya, Bihar.
- This adds 145 rooms: Lemon Tree Hotel, Bodhgaya (75 rooms) and Keys Select by Lemon Tree Hotels, Bodhgaya (70 rooms).
- These properties will be managed by its subsidiary, Carnation Hotels Private Limited.
- An 80-room hotel in Gurugram was de-flagged on Sep 3, 2026 (previously disclosed).
Business Update
Positive
2026-08-26 21:51
- Lemon Tree Hotels announced the opening of Lemon Tree Premier, Vadodara, on August 26, 2026. This marks its 13th operational property in Gujarat, featuring 94 rooms and various amenities, strengthening its regional presence.
Business Update
Positive
2026-08-20 17:00
- Lemon Tree Hotels announced the opening of Lemon Tree Hotel, Bharuch, marking its 12th operational property in Gujarat. The hotel features 85 rooms and suites, strengthening the group's presence in the state with 20 more hotels in the pipeline.
Business Update
Positive
2026-08-14 20:19
- Q2 FY27 outlook: Significantly better, with strong recovery in July and August; shift to a more balanced strategy to drive higher ARRs and improved negotiated room mix.
- FY27 Net EBITDA margin expected to be better than 47%, targeting at least 50% for FY28. Long-term (3-4 years) asset-light Lemon Tree target is 75%-80% EBITDA margin.
- Expects to open 2,000 keys in FY27; projects opening around 5,000 managed rooms by FY29-30 (45% of current inventory).
- Fee income from Lemon Tree is expected to accelerate over the next 8-12 quarters.
- Fleur Hotels (post-demerger) ROCE is expected to improve to 15%; targeting over 50% increase in rooms by FY30 (approx. 2,500 rooms via acquisitions/developments), supported by Warburg's Rs. 960 crore infusion.
- Renovation expenses are tapering off, with major renovation/refurbishment largely completed by FY27, returning to a norm of ~1.2% of revenue for refurbishments in FY28.
- Continued focus on international expansion in key short-haul markets for Indian travelers (UAE, Nepal, Thailand, Maldives) and monetization of loyalty programs.
- Significant investments in technology (ERP, CRM, loyalty programs) for efficiency and monetization, expected to yield benefits over the next two years.
Business Update
Positive
2026-08-13 18:00
- Lemon Tree Hotels Limited signed a License Agreement for 'Lemon Tree Premier, Visakhapatnam'.
- The new hotel will feature 110 rooms and be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary.
- This marks the company's 3rd property in Visakhapatnam and 13th in Andhra Pradesh, expanding its footprint.
Business Update
Neutral
2026-08-12 16:21
- Investor/Analyst Meet Schedule
- Meet Date: August 19, 2026
- Organizer: Motilal Oswal Financial Services Limited (22nd Annual Global Investor Conference)
- Mode: Physical, One on One/Group Meetings in Mumbai
Routine
Neutral
2026-08-12 16:11
New Filing detected. See link for details.
Business Update
Positive
2026-08-10 22:10
- On August 10, 2026, Lemon Tree Hotels signed license agreements for two new properties: Lemon Tree Premier, Madurai (100 rooms) and Keys Select By Lemon Tree Hotels, Mcleodganj (45 rooms). These properties, to be managed by a subsidiary, will expand its footprint in South India and Himachal Pradesh.
Business Update
Neutral
2026-08-10 19:57
- Lemon Tree Hotels held an Investors Conference Call on August 10, 2026, regarding Unaudited Financial Results for the quarter ended June 30, 2026.
- The audio recording of the concall is available on the company's website: https://www.lemontreehotels.com/factsheet/Policies/LTH-Q1-FY27-Concall-Audio.mp3
Routine
Neutral
2026-08-07 22:41
New Filing detected. See link for details.
Routine
Neutral
2026-08-07 22:37
New Filing detected. See link for details.
Routine
Neutral
2026-08-07 21:44
New Filing detected. See link for details.
Routine
Neutral
2026-08-07 21:20
New Filing detected. See link for details.
Routine
Neutral
2026-08-07 21:11
New Filing detected. See link for details.
Business Update
Neutral
2026-08-06 21:32
- Lemon Tree Hotels' subsidiary terminated the lease for an 80-room hotel (Lemon Tree Premier, Leisure Valley 2, Gurugram) on August 06, 2026.
- Operations will be discontinued and possession handed over upon receipt of a security deposit.
- The company states this termination has no material financial impact.
Business Update
Positive
2026-08-05 18:31
- Lemon Tree Hotels signed a Franchise Agreement for Keys Lite by Lemon Tree Hotels, Manali.
- The new hotel will feature 24 rooms, a restaurant, lounge, and fitness centre.
- This expands the group's presence in Himachal Pradesh, bringing the total portfolio in the region to 11 hotels.
Business Update
Neutral
2026-08-04 12:31
- Concall Schedule
- Concall Date: August 10, 2026
- Concall Time: 4:00 PM IST
Routine
Neutral
2026-07-30 19:51
New Filing detected. See link for details.
Business Update
Positive
2026-07-29 21:49
- Lemon Tree Hotels signed two new License Agreements for properties: Lemon Tree Hotel, Siddharthanagar (Nepal, 120 rooms) and Keys Select by Lemon Tree Hotels, Vijayawada (India, 70 rooms).
- Both properties will be managed by its wholly-owned subsidiary, Carnation Hotels Private Limited, expanding its domestic and international presence.
Business Update
Positive
2026-07-28 18:34
- Lemon Tree Hotels signed a License Agreement for 'Keys Select by Lemon Tree Hotels, Panthpiplai, Ujjain' in Madhya Pradesh.
- The 51-room property will be managed by its wholly-owned subsidiary, Carnation Hotels Private Limited.
- This marks its 15th property in Madhya Pradesh, strengthening its presence in the state.
Business Update
Positive
2026-07-24 20:55
- Lemon Tree Hotels' material subsidiary, Fleur Hotels Limited, received an extension for its Letter of Award from DDA.
- The LOA is for developing and operating a 5-star hotel, "Aurika, Nehru Place," in New Delhi.
- Validity extended by one year, from August 14, 2026, to August 14, 2027.
Business Update
Neutral
2026-07-16 22:35
- Lemon Tree Hotels terminated the License Agreement and Hotel Operating Agreement for its Lemon Tree Hotel, Erode, Tamil Nadu (65 rooms) effective July 16, 2026.
- The termination is due to a material breach of terms by the Owner.
- This termination is stated to have no material financial impact on the company.
Routine
Neutral
2026-07-14 20:53
New Filing detected. See link for details.
Routine
Neutral
2026-07-14 20:22
New Filing detected. See link for details.