Lemon Tree Hotels Ltd - 541233 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please find enclosed herewith the certificate of the Registrar and Share Transfer Agent of the Company, M/s Kfin Technologies Limited for the quarter ended March 31, 2023 pursuant to Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. Lemon Tree Hotels Ltd - 541233 - Disclosure Under Regulation 30 Of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 - W.R.T Signing Of License Agreement
With reference to the captioned subject, we would like to inform you that the Company has signed a License Agreement for 88 room property in Whitefield, Bengaluru, Karnataka under the Company's brand 'Lemon Tree Hotels'. The property is expected to be operational by October, 2023. This property will feature 88 well-appointed rooms and suites, a restaurant, a bar, a swimming pool, meeting rooms, a fitness center and other public areas. Carnation Hotels Private Limited, a wholly owned subsidiary and the hotel management arm of the Company will be operating this property. Lemon Tree Hotels Ltd - 541233 - Announcement under Regulation 30 (LODR)-Updates on Acquisition
In continuation to the disclosure given on February 10, 2023 and February 23, 2023 under Regulation 30(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 w.r.t the transaction for acquisition of upto 22,00,000 Compulsorily Convertible Preference Shares ('CCPS') of Fleur Hotels Private Limited (herein after as 'Fleur') from the APG Strategic Real Estate Pool N.V, existing shareholder subject to necessary formalities and execution of documentation in this regard, we would like to further update that the Company has acquired 22,00,000 CCPS at a consideration of Rs. 108,98,14,000/-. From APG Strategic Real Estate Pool N.V on 31st March, 2023 and now the Company holds 40.92% of CCPS in Fleur. Lemon Tree Hotels Ltd - 541233 - Closure of Trading Window
Pursuant to Company's Code of Conduct for regulation, monitoring and reporting of trading by Insiders of the Company and pursuant to the requirements of SEBI (Prohibition of Insider Trading) Regulations, 2015 regarding Trading Restriction period, the trading window for dealing in shares of the Company shall remain closed for all Designated Persons with effect from April 1, 2023 till the expiry of 48 hours after the public announcement of Audited Standalone and Consolidated Financial Results for the Quarter and Financial Year ended March 31, 2023 is made.
OYO-owned Weddingz.in ties up with Lemon Tree Hotels to boost revenue
OYO-owned Weddingz.in on Thursday announced a strategic tie-up with Lemon Tree Hotels in a bid to boost revenue, drive demand and sales. The alliance will help increase the fill rate of banquets and event spaces in Lemon Tree Hotels, in more than 40 destinations across the country, including Delhi NCR, Jaipur, Kolkata, Lucknow, Bhubaneswar, Mumbai and Pune, among others. Weddingz.in is an online platform offering wedding venues and related services. It was acquired by hospitality tech firm OYO in 2018. "Lemon Tree venues will feature prominently on the Weddingz.in platform, which gets over 19 lakh prospective customers per month, as India's largest wedding venue marketplace," a release stated. Weddingz will craft specific targeted campaigns and undertake search engine marketing and performance marketing campaigns to drive higher interest, it added. "We have millions of visitors searching our platform not just for wedding venues but also for other events such as parties, conference Lemon Tree Hotels Ltd - 541233 - Disclosure Under Regulation 30 Of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 W.R.T Opening Of Keys Prima By Lemon Tree Hotels, Thekkady
We are pleased to inform the opening of the fifth Hotel in Kerala under the Company's brand 'Keys Prima by Lemon Tree Hotels, Thekkady'. This hotel features 42 well-appointed rooms complemented by a multi-cuisine restaurant, a meeting room, a fitness center, banquets along with other public areas. The hotel is managed by Carnation Hotels Private Limited, a wholly owned subsidiary and the hotel management arm of Lemon Tree Hotels Limited.
Nearly 80% upside target! Lemon Tree Hotels shares' target price raised. Key triggers
Key risks, as per the brokerage, include prolonged impact of Covid on occupancies and room rates and cost inflation
Lemon Tree Hotels announces 6th new property in a month, stock gains
The 60-room property in Rajasthan's Sri Ganganagar is the latest hotel that the company has signed in a month. It announced new properties in Manali, Bhopal, Kasauli and Dapoli. They will all get operational between 2023 and 2026 Lemon Tree Hotels Ltd - 541233 - Disclosure Under Regulation 30 Of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
With reference to the captioned subject, we would like to inform you that the Company has signed a License Agreement for a 60 room property in Sri Ganganagar, Rajasthan under the Company's brand 'Lemon Tree Hotels'. The hotel is expected to be operational by July, 2026. This hotel will feature 60 well-appointed rooms and suites, a restaurant, a bar, a fitness center and other public areas. Carnation Hotels Private Limited, a wholly owned subsidiary and the hotel management arm of the Company will be operating this hotel. Please find attached herewith the copy of the press release in above regard.
Lemon Tree Hotels jumps 5% after CLSA sees 34% upside
The company's share price gained 5 percent after brokerage firm CLSA gave it a target price of Rs 102 per share implying a 34 percent upside potential.