Announced Thu, 6 Aug · 21:31 IST
Fleur Hotels terminates lease for Lemon Tree Premier Gurugram
LEMONTREE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-4.0%1-day move
₹112.60
prior close
₹112.30
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.1-0.7-0.4-0.8-4.0-2.6-3.0-3.2-3.5-3.3————
Up moveDown movePending
AI summary
Fleur Hotels, a material subsidiary of Lemon Tree Hotels, has terminated the lease deed for Lemon Tree Premier, Leisure Valley 2, Gurugram — an 80-room hotel. Operations will be discontinued and possession handed over once the interest-free refundable security deposit is received from the lessor. The company states this termination has no material financial impact.
Likely market impact
Minor impact — company confirms no material financial effect. One 80-room property exits the operating portfolio.