Lemon Tree Share Price Rises Above 3% as Company Signs New Hotels in Surat and Haridwar

Lemon Tree Hotels share price (NSE: LEMONTREE) climbed 3.5% to an intra-day high of ₹159.85 on Friday after the company announced the signing of 2 new hotel properties, Lemon Tree Hotel, Surat Airport and Keys Prima by Lemon Tree Hotels, Haridwar. 

At 10:18 AM, the stock was trading 2.43% higher at ₹158.15, while the BSE Sensex was up 0.11%.

Details of the New Surat Property

The new Lemon Tree Hotel, Surat Airport will be managed by Carnation Hotels, a Lemon Tree subsidiary. The hotel is located in a busy commercial area known for its textile and diamond industries.

Key Features

• 110 well-designed rooms
• Restaurant
• Banquet and meeting spaces
• Recreational facilities including a swimming pool, spa, and other common areas

The hotel is:

• 1.6 km from Surat International Airport (approx. 5 minutes)
• 16 km from Surat Railway Station (approx. 30 minutes)
• Well connected by public and private transport

Details of the New Haridwar Property

Keys Prima by Lemon Tree Hotels, Haridwar, will operate on a franchise model under Lemon Tree Hotels. It is located near Rajaji National Park in Shyampur, Haridwar.

Key Features

• 60 comfortable rooms
• Restaurant
• Conference hall
• Fitness centre, spa, swimming pool, and other public areas

The hotel is:

• 49 km from Jolly Grant Airport, Dehradun
• 12 km from Haridwar Railway Station
• Easily accessible by road from major cities

Strengthening Presence Across States

With these 2 new properties, Lemon Tree strengthens its footprint in Gujarat and Uttarakhand, catering to both business and leisure travellers. The hotels aim to offer a modern, vibrant, and value-driven experience in two high-demand travel destinations.

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About Lemon Tree Hotels

Lemon Tree serves a wide range of guests through its 7 brands:

• Aurika Hotels & Resorts
• Lemon Tree Premier
• Lemon Tree Hotels
• Red Fox
• Keys Prima
• Keys Select
• Keys Lite

The group operates across categories, including upper upscale, upscale, midscale, leisure, wildlife, and spiritual tourism.

Conclusion

Lemon Tree’s stock moved higher as investors reacted positively to the company’s expansion into Surat and Haridwar. The addition of these strategically located properties is expected to boost its presence in key business and tourist markets, reinforcing the brand’s growth trajectory.

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