Macquarie has maintained an Outperform rating on Lemon Tree Hotels with a target price of ₹200, following a strong quarterly performance. The highlight of the quarter was robust RevPAR growth at the company’s flagship Aurika, Mumbai property.
Management outlined an aggressive five-year expansion plan, aiming to potentially double the number of rooms in its portfolio. Additionally, a new management structure has been put in place to facilitate the planned demerger of the Fleur brand by the end of FY26.
Macquarie remains positive on the company’s growth trajectory, supported by its expansion strategy and premium property performance.
Disclaimer: The above views are those of Macquarie. This update is for news reporting purposes only and does not constitute investment advice.
