Lemon Tree Hotels To Launch New Property In Bhuj, Gujarat

Lemon Tree Hotels Ltd has signed a new property in Bhuj, Gujarat, further expanding its presence in the state. The upcoming hotel will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of the company, and is expected to begin operations in FY 2026. This addition strengthens the brand’s presence in Gujarat, which already includes seven operational and 12 upcoming hotels in the region.

Features of the Bhuj Property

The Lemon Tree Hotel in Bhuj will feature 74 rooms, a restaurant, meeting rooms, a banquet hall, a swimming pool, a fitness centre, and other public amenities. The property is located 9 kilometres from Bhuj Airport and 4 kilometres from Bhuj Railway Station, for accessibility for travellers.

Bhuj, the administrative capital of Gujarat’s Kutch district, is known for its cultural heritage, historic landmarks like the Aina Mahal, and nearby places such as the Rann of Kutch and Bhujodi village, famed for its handwoven textiles.

Financial Performance Of Lemon Tree Hotels

Lemon Tree Hotels reported a net profit of ₹35 crore for the Q2FY25second quarter ending September 30, 2024, marking a 32.6% year-on-year (YoY) increase from ₹26.4 crore in the same quarter of the previous fiscal. Revenue from operations rose by 24% to ₹284.4 crore, compared to ₹229.4 crore in the corresponding period last year. EBITDA for Q2 FY25 stood at ₹130.8 crore, showcasing a 25.6% growth from ₹104 crore in the previous year.

Share Performance

Lemon Tree Hotels’ stock is trading at ₹149.41, up ₹1.68 (1.14%) as of 11 AM today, showing a 22.17% increase over the past year and a 25.87% rise year-to-date.

In conclusion, the new Lemon Tree Hotel in Bhuj brings out the company’s ongoing expansion in India and beyond. With its operational and financial growth, the company continues to broaden its presence in both metro cities and tier II and III markets, catering to guest segments.

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