Page 4 - Lemon Tree Hotels

Hotel stocks rally on heavy volumes; Chalet, Lemon Tree soar over 10%

While Q2FY22 witnessed a sharp rebound in revenues on a lower base, ICICI Securities expect a further recovery in revenues during Q3FY22E supported by healthy festive season travel demand.

Sensex slips 336pts; Nifty Bank at new high; RIL falls 3%, TaMo DVR up 10%

Stock market LIVE: The broader markets also ended with notable losses as profit-taking continued for the third straight trading session, amid valuation and inflation concerns

EESL, Lemon Tree Hotels to implement energy conservation measures

Energy Efficiency Services Ltd (EESL), a joint venture under the Ministry of Power, has signed a MoU with Lemon Tree Hotels Ltd for implementing energy efficiency and conservation measures

Time to play the 'unlock trade'? Cautiously, say analysts

At the bourses, 'unlock trade' has been playing out well over the past few weeks with stocks from the related sectors on a run

Warburg Pincus ends JV with Lemon Tree Hotels for student housing

"Apparently, Warburg was not happy with the way the JV had progressed in the last two-three years," said sources

Hospitality firms look at one-time debt restructuring as moratorium ends

On account of being highly leveraged, 15 per cent of the total 160,000 rooms are at a risk of being shuttered forever according to hotel industry estimates

Lemon Tree Hotels launches hotel in Dwarka, Gujarat; stock advances 10%

For the quarter ended June 2020, the company's revenue from operations declined 71.1 per cent year-on-year (YoY) to Rs 40.7 crore.

Lemon Tree's Q4 cash profit crashes by 80% due to Covid-19 lockdown

Revenue from operations went up 17 per cent to Rs 176 crore in Q4 FY20 from Rs 150 crore in the same quarter of previous fiscal

Corporates join hands in fight against Covid-19, make quarantine centers

Firms to set up isolation rooms, led by Apollo Hospitals

Coronavirus outbreak: Hotel stocks likely to see earnings downgrades

Hotel stocks are under pressure because the coronavirus outbreak could impact occupancies and, thus, drive down room tariffs

Lemon Tree's new acquisitions in India and abroad help post strong growth

Among the triggers expected to boost sales are demand uptick and room additions

Lemon Tree Hotels zooms 5% after it signs agreement to open hotel in Goa

Earlier, the hospitality firm had said that it is looking to open three more properties under its upscale Aurika Hotels and Resorts brand across the country by the end of 2021.

Lemon Tree to add 3 Aurika Hotels and Resorts by the end of 2021

When asked about the rationale behind creating and launching this upscale brand, Keswani said: "The reason is semi-strategic and semi-opportunistic."

Recipe for growth: Don't bet everything you have, says Lemon Tree's Keswani

The fast-talking Keswani tells Pavan Lall what he learnt from former boss Russi Mody, how he was let down by a private equity investor and why he launched an upscale hotel in Udaipur

Hotel Leelaventure, TAJGVK, Lemon Tree jump up to 15% on GST rate cut hopes

Hotel Leela and TAJGVK Hotels were up 15 per cent and 11 per cent, respectively, while Royal Orchid Hotels, Oriental Hotels, EIH and Lemon Tree were up in the range of 3 to 5 per cent.

Lemon Tree Hotels under pressure, tumbles 12% after block deal

Around 31 million shares representing 7 per cent of the total equity of Lemon Tree Hotels changed hands on the BSE via block deal

Companies with high promoter share pledging punished by the bourses

Analysts say investors have turned wary of firms with high promoter pledging, given rising corporate debt

Lemon Tree to buy Keys Hotels for Rs 471 cr, deal likely in two months

To fund buyout, its subsidiary will raise capital from a Dutch pension fund, an existing investor, and parent Lemon Tree by issuing compulsorily convertible preference shares worth Rs 421 cr

Lemon Tree Hotels will divest 49% stake in 2 years, says Patanjali Keswani

Lemon Tree expects its upscale brand Aurika, coming up near the Mumbai International Airport, to be up and running over the next two years

Lemon Tree Hotels aims to have 12,000 rooms in inventory by 2021-end

Besides India, the other markets that the company is looking at include Thimphu (Bhutan), Dubai and Kathmandu (Nepal)