Lemon Tree Hotels Limited has informed the Exchange about General Updates on Opening of Lemon Tree Hotel, Mira Road, Mumbai
LEMONTREE · price
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Awaiting price reaction for this filing.
Lemon Tree Hotels has opened a new property – Lemon Tree Hotel, Mira Road, Mumbai – marking its 13th hotel in Maharashtra. The 108-room hotel includes a multi-cuisine restaurant (Citrus Café), a fitness center, a spa, a swimming pool, and meeting/conference facilities. The property is managed by Carnation Hotels Private Limited, the company's subsidiary and hotel management arm. Lemon Tree currently has a portfolio of 210+ hotels, with over 110 operational and 100+ in the pipeline across India and internationally.
This is a routine business expansion update that reflects continued network growth, but no material financial impact (revenue contribution, capex, or guidance change) is disclosed, so the stock is unlikely to react significantly on this news alone.