Please find attach Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
LEMONTREE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Lemon Tree Hotels has opened a new property in Jamnagar, Gujarat — its 9th hotel in the state. The hotel has 60 rooms opening in two phases: 52 rooms are operational now along with a multi-cuisine restaurant (Citrus Café), a fitness centre and conference facilities, while the remaining 8 rooms will open shortly. The property is located in Jamnagar, an industrial hub near Gulf of Kutch known for oil refineries and tourism. The hotel is managed by Carnation Hotels, a subsidiary of Lemon Tree Hotels. The company currently has a portfolio of 210+ hotels, including over 110 operational properties across India and internationally.
This is a routine expansion announcement adding one managed property to a large portfolio of 210+ hotels, so the impact on overall revenue or stock price is likely minimal. It reinforces the company's steady growth strategy in tier II/III cities but is not material enough to move the needle for shareholders.