HDFC Securities Pick of the Week 20th Sep'26: Lemon Tree Hotels Ltd

LTHL is a leading mid‑market hospitality player with 11,946 rooms across 135 hotels, spanning economy to upper‑upscale formats under brands like Red Fox, Keys, Lemon Tree and Aurika.

Its clear pivot toward an asset‑light managed/franchise model now 52% of inventory enhances profitability and lowers capex intensity. A diversified brand stack and a broad pan‑India footprint position LTHL well to capture rising business and leisure demand over FY26 – 28.