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Lemon Tree Hotels rises on signing new hotel in Maharashtra

The company now has 28 hotels in Maharashtra, comprising 15 operational properties and 13 in the pipeline, including this signing

Lemon Tree Hotels is currently trading at Rs. 113.85, up by 0.25 points or 0.22% from its previous closing of Rs. 113.60 on the BSE.

The scrip opened at Rs. 106.85 and has touched a high and low of Rs. 114.55 and Rs. 106.85 respectively. So far 88980 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 180.60 on 08-Sep-2025 and a 52 week low of Rs. 106.85 on 02-Mar-2026.

Last one week high and low of the scrip stood at Rs. 119.30 and Rs. 106.85 respectively. The current market cap of the company is Rs. 9019.73 crore.

The promoters holding in the company stood at 22.28%, while Institutions and Non-Institutions held 40.96% and 36.76% respectively.

Lemon Tree Hotels has signed a new hotel in Akola, Maharashtra, further consolidating its presence in one of India’s most economically active states. With this addition, the company now has 28 hotels in Maharashtra, comprising 15 operational properties and 13 in the pipeline, including this signing.

The hotel will be managed by Carnation Hotels, a wholly owned subsidiary of Lemon Tree Hotels. Situated in the Vidarbha region, Akola is a key commercial and agricultural centre, widely recognised for its cotton production and strong trading ecosystem. The city continues to witness steady regional development, supported by infrastructure growth and expanding business activity, positioning it as an important node in Central India’s economic landscape.

Under the brand of Keys Prima by Lemon Tree Hotels, Akola will offer 55 well-appointed rooms, a restaurant, banquet hall and conference room, along with recreational amenities including a fitness centre, swimming pool and spa. The hotel is located approximately 265 km from Dr. Babasaheb Ambedkar International Airport and 4.4 km from Akola Junction railway station, ensuring accessibility for corporate travellers, trade visitors and regional transit demand.

Lemon Tree Hotels is India’s largest hotel chain in the mid-priced hotel sector, and the third largest overall, on the basis of controlling interest in owned and leased rooms.