Lemon Tree Hotels Shares Jump 3.8% on New Property Launch in Tirupati and Expansion into Haridwar

Mumbai, October 3, 2025: Lemon Tree Hotels Limited (NSE: LEMONTREE, BSE: 541233) saw its shares rise 3.89% to ₹172.74 as of 1:50 PM on Friday, following announcements of two strategic developments: the launch of a new property in Tirupati and the signing of a license agreement for a hotel in Haridwar.

Established in 2002, Lemon Tree Hotels Limited is India’s largest chain of mid-scale and premium hotels. It operates through seven different brands, such as Lemon Tree Premier, Red Fox, and Aurika Hotels & Resorts. It also features in the NIFTY Smallcap 250 index and serves a diverse range of leisure as well as business tourists.

New Property Launch: Tirupati

Lemon Tree Hotels has expanded its presence in Andhra Pradesh with the launch of its sixth property, Lemon Tree Premier, Tirupati, an upscale hotel featuring 111 rooms. The opening is being executed in two phases: the first phase has commenced operations for 54 rooms and the Citrus Café, while the remaining 57 rooms, along with the Slounge Bar, Pool Bar & Grill, banquet halls, spa, health club, and swimming pool, are scheduled to become operational in the second phase.

“The spirited hotel at one of the holiest pilgrimage sites is seizing the moment to offer the best facilities to our guests,” said Vishvapreet Singh Cheema, President of Lemon Tree Hotels.

Expansion in Uttarakhand: Haridwar

On October 1, Lemon Tree Hotels announced the signing of a license agreement for Keys Select by Lemon Tree Hotels in Haridwar. The 52-room property will feature a restaurant, a conference hall, and a fitness center.

“With this deal, we will expand our leisure portfolio in Uttarakhand, where we currently operate eight properties and have nine more in the pipeline,” said Vilas Pawar, CEO – Managed & Franchise Business at Lemon Tree Hotels.

Share Price Update (As of 1:50 PM IST)

As of 1:50 PM on August 3, 2025, Lemon Tree Hotels shares were trading at ₹172.74, up 3.89% for the day. The stock opened at ₹168.40, reached an intraday high of ₹173.19, and an intraday low of ₹167.00. The company has a market capitalization of ₹13,680 crore and a price-to-earnings (P/E) ratio of 63.57. Its 52-week trading range is ₹112.29–₹180.68.

REF:https://nsearchives.nseindia.com/corporate/LEMONTREE_01102025193004_Stock_Exchange_Haridwar.pdf

https://nsearchives.nseindia.com/corporate/LEMONTREE_02102025112420_Tirupati.pdf

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