Lemon Tree Hotels' share price added nearly 2 percent in early trade on December 4 after the company announced the opening of a hotel at Hubli in Karnataka.
At 09:39am, Lemon Tree Hotels was quoting at Rs 115.00, up Rs 2.00, or 1.77 percent on the BSE.
This is the tenth property in Maharashtra under the company’s umbrella, which features 50 well-appointed rooms, a restaurant, a bar, banquet spaces, a swimming pool, a fitness center, and other public areas.
The company also announced the opening of Lemon Tree Hotel, Hubli, which is the eighth property of the group in Karnataka.
The hotel offers 65 rooms and suites, Citrus Café – a multi-cuisine coffee shop, Republic of Noodles and Pool Bar & Grill as well as conference spaces to meet all business requirements.
It also offers Fresco – a rejuvenating spa, a well-equipped fitness center, and a refreshing swimming pool.
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In November, the company signed a licence agreement for a property in Yadagirigutta, Telangana, under the Keys Select brand.
The hotel, which is expected to be operational by FY26, will feature 150 well-appointed rooms, a restaurant, a fitness centre, banquets, conference rooms, a bar, a swimming pool, and other public areas.
In October, the company signed a licence agreement for "Red Fox Hotel" in Visakhapatnam, Andhra Pradesh, which features 50 well-appointed rooms, one restaurant, a fitness centre, a conference room, and other public areas.
The company posted a 35 percent jump in its September quarter net profit at Rs 22.65 crore.
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