{"id":112148,"date":"2023-10-18T14:26:09","date_gmt":"2023-10-18T08:56:09","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=112148"},"modified":"2023-10-18T14:26:15","modified_gmt":"2023-10-18T08:56:15","slug":"lemon-tree-hotels-signs-new-franchise-agreement-for-an-upcoming-hotel-in-gujarat","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/lemon-tree-hotels-signs-new-franchise-agreement-for-an-upcoming-hotel-in-gujarat\/","title":{"rendered":"Lemon Tree Hotels signs new franchise agreement for an upcoming hotel in Gujarat"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-945232419\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This S&amp;P BSE 500 stock is India\u2019s largest hospitality chain and has a market cap of Rs. 9,609 crore and rose over 1.6% within the first hour of markets open with volumes that are over 1x previous session\u2019s and 0.5x monthly average volumes. <\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1073390161\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The stock gained after a new Franchise Agreement. The stock trades 5% away from its 52 week high and has a high FII holding of 26%.\u00a0<\/p><p>In a filing dated 17th October 2023, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/LEMONTREE\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Lemon Tree Hotels Ltd<\/a><\/strong> (\u2018Lemon Tree Hotels\u201d) announced that the Company has signed a Franchise Agreement for an upcoming hotel in Vadodara, Gujarat under the Company\u2019s brands \u2013 <\/p><p>\u2018Keys Select by Lemon Tree Hotels. The hotel will feature 45 well appointed rooms, a restaurant, a banquet hall, a meeting room, a fitness center, a lounge and other public areas and is expected to be operational in FY26. <\/p><div class=\"trade-content_5\" id=\"trade-475207500\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The Vadodara airport is about 10 kms from the property while the Vadodara Junction Railway Station is just 4 kms away.\u00a0<\/p><p>Speaking on the occasion, Mr. Kapil Sharma, Executive Vice President Chief Finance Officer, Lemon Tree Hotels commented, \u201cWe are pleased to expand our presence in Gujarat with our valued partner Gajananay Hospitality, a Partnership Firm. <\/p><p>This will be in addition to our 6 existing and 5 upcoming hotels and resorts in the state and we are planning to expand our footprint in Gujarat further.\u201d<\/p><p>In another filing dated 16th October 2023, the company informed that the Company has signed a License Agreement for a 55 rooms property in Dehradun, Uttarakhand under the Company\u2019s brand \u201cKeys Prima by Lemon Tree Hotels\u201d. <\/p><p>The hotel is expected to be operational by FY 2027. This hotel will feature 55 well appointed rooms, a restaurant, a bar, a banquet hall, meeting rooms and other public areas. Carnation Hotels Private Limited, a wholly owned subsidiary and the hotel management arm of the Company will be operating this hotel. <\/p><p>The Jolly Grant Airport, Dehradun is about 40 kms from the property while the Dehradun Railway Station is just 13 kms away.\u00a0<\/p><div class=\"trade-content-10\" id=\"trade-2531849927\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Speaking on the occasion, Mr. Vikramjit Singh, President, Lemon Tree Hotels commented, \u201cWe are thrilled to announce the expansion of our portfolio in Dehradun, Uttarakhand with our valued partner M\/s Doon Dwelling LLP. <\/p><p>This opening will be in addition to our eight existing and five upcoming hotels and resorts in the state and we are looking to expand our footprint in Uttarakhand further. Dehradun is not just a leisure destination but emerging as an important business destination.\u201d<\/p><p>Lemon Tree Hotels is India\u2019s largest hotel chain in the mid-priced hotel sector, and the third largest overall, on the basis of controlling interest in owned and leased rooms. <\/p><p>It operates in the upscale segment and in the mid-priced sector, consisting of the upper-midscale, midscale and economy segments. It delivers differentiated yet superior service offerings, with a value-for-money proposition. <\/p><p>The company\u2019s revenue increased by 117.53 % from 402.24 crore in FY22 to 874.99 crore in FY23, accompanied by a decreasing loss of 137.36 crore to profit of 140.54 Cr.\u00a0<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sandeep R<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2789616138\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This S&amp;P BSE 500 stock is India\u2019s largest hospitality chain and has a market cap of Rs. 9,609 crore and rose over 1.6% within the first hour of markets open with volumes that are over 1x previous session\u2019s and 0.5x monthly average volumes. The stock gained after a new Franchise Agreement. The stock trades 5% [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13731,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[11230,13474,5244,948,936],"class_list":["post-112148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-lemon-tree-hotels-latest-news","tag-lemon-tree-hotels-new-deal","tag-lemon-tree-hotels-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lemon Tree Hotels signs new franchise agreement for an upcoming hotel in Gujarat - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This S&amp;P BSE 500 stock is India\u2019s largest hospitality chain and has a market cap of Rs. 9,543 crore and rose over 1.6% within the first hour of markets open with volumes that are over 1x previous session\u2019s and 0.5x monthly average volumes.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/lemon-tree-hotels-signs-new-franchise-agreement-for-an-upcoming-hotel-in-gujarat\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lemon Tree Hotels signs new franchise agreement for an upcoming hotel in Gujarat\" \/>\n<meta property=\"og:description\" content=\"This S&amp;P BSE 500 stock is India\u2019s largest hospitality chain and has a market cap of Rs. 9,543 crore and rose over 1.6% within the first hour of markets open with volumes that are over 1x previous session\u2019s and 0.5x monthly average volumes.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/lemon-tree-hotels-signs-new-franchise-agreement-for-an-upcoming-hotel-in-gujarat\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-18T08:56:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-18T08:56:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Hotel-reception-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/lemon-tree-hotels-signs-new-franchise-agreement-for-an-upcoming-hotel-in-gujarat\/\",\"url\":\"https:\/\/tradebrains.in\/features\/lemon-tree-hotels-signs-new-franchise-agreement-for-an-upcoming-hotel-in-gujarat\/\",\"name\":\"Lemon Tree Hotels signs new franchise agreement for an upcoming hotel in Gujarat - 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