Lemon Tree Hotels announced its foray into the stunning country of Nepal with the opening of Lemon Tree Premier, Budhanilkantha, Kathmandu. This marks not just the entry of Lemon Tree Hotels in to Nepal, but also marks the milestone of Lemon Tree`s inventory crossing 10,000 rooms. This first property in the land of Mount Everest is a stylish, contemporary hotel with 102 well-appointed rooms and suites, Citrus Caf� - a multicuisine coffee shop, Republic of Noodles - an award-winning Asian restaurant, Slounge - a hip recreation bar and a tea lounge. The hotel has a separate convention center which has expansive banquet spaces and conference facilities, besides extensive outdoor event spaces. For recreation, the hotel offers a well-equipped fitness center, Fresco spa and a refreshing infinity pool.Powered by Capital Market - Live News

Lemon Tree Hotels announced its latest signing �Keys Lite by Lemon Tree Hotels, Coimbatore. The property is expected to open in FY26 and shall be managed by Carnation Hotels, a wholly-owned subsidiary and the management arm of Lemon Tree Hotels. Keys Lite by Lemon Tree Hotels, Coimbatore will feature 40 well-appointed rooms, a restaurant and a meeting room.Lemon Tree Hotels is expanding its portfolio in Tamil Nadu and this opening will be in addition to five existing and one upcoming properties in the state which has several tourist attractions that showcase its historical and religious significance.Powered by Capital Market - Live News

Net profit of Lemon Tree Hotels declined 11.43% to Rs 35.40 crore in the quarter ended December 2023 as against Rs 39.97 crore during the previous quarter ended December 2022. Sales rose 23.61% to Rs 288.69 crore in the quarter ended December 2023 as against Rs 233.55 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales288.69233.55 24 OPM %48.4054.15 - PBDT88.8882.76 7 PBT55.5459.20 -6 NP35.4039.97 -11 Powered by Capital Market - Live News

Lemon Tree Hotels will hold a meeting of the Board of Directors of the Company on 6 February 2024.Powered by Capital Market - Live News

Net profit of Lemon Tree Hotels rose 35.06% to Rs 22.65 crore in the quarter ended September 2023 as against Rs 16.77 crore during the previous quarter ended September 2022. Sales rose 15.49% to Rs 227.20 crore in the quarter ended September 2023 as against Rs 196.72 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales227.20196.72 15 OPM %44.8447.60 - PBDT57.6449.99 15 PBT35.0424.97 40 NP22.6516.77 35 Powered by Capital Market - Live News