LEMONTREEBSELemon Tree Hotels LtdMediumPositive
Announced Thu, 14 May · 21:29 IST

Press Release for opening of Lemon Tree Hotel, Bhubaneswar

Business Updates View source PDF

LEMONTREE · price

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Price reaction · full curve 14 horizons · vs prior close
-2.8%1-day move
₹112.62
prior close
₹112.50
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AI summary

Lemon Tree Hotels has announced the opening of its second hotel in Bhubaneswar, Odisha. The property features 65 well-appointed rooms (updated from 60 rooms previously disclosed), with 50 rooms opening in the first phase along with a restaurant, banquet hall, swimming pool, and fitness center. The remaining 15 rooms will open in a second phase. The hotel is strategically located in Bharatpur, a developing commercial and residential corridor, targeting business, leisure, medical, and spiritual travellers. With this opening, the company continues to expand its Eastern India presence across its portfolio of over 130 operational hotels.

Likely market impact

This new hotel opening represents routine business expansion and portfolio growth for Lemon Tree Hotels, contributing to the company's ongoing strategy of deepening its footprint in high-visibility markets across India.