Announced Thu, 24 Sept, 2026 · 21:33 IST
Lemon Tree Hotels acquires Bandra East land for Rs 120 Cr to build Lemon Tree Premier
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
-2.7%1-day move
₹106.90
prior close
₹106.80
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-0.5-0.3-1.0-2.7-2.6-2.4+0.3+0.7+5.4————
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AI summary
Lemon Tree Hotels subsidiary Fleur Hotels has completed acquiring a 989 sq meter land parcel in Bandra East, Mumbai for Rs 120 Crores. The site will be used to develop a 172-key Lemon Tree Premier hotel adjoining Bandra Kurla Complex. This will be the group's 7th property in Mumbai, strengthening its presence in the city's key commercial and hospitality market.
Likely market impact
Positive - Rs 120 Cr land buy expands Mumbai footprint to 7 properties, supporting growth in high-yield micro-markets.