Shares of Lemon Tree Hotels Limited surged 1.71% to ₹152.28 in early trading on December 27, following the announcement of its latest property, Lemon Tree Hotel, Bapane, Maharashtra. The new hotel will be managed by Carnation Hotels Private Limited, Lemon Tree Hotels’ wholly-owned subsidiary, and is expected to open in FY 2026.
Strategic Location
- The Lemon Tree Hotel, Bapane, is located in Bapane Village, part of the Vasai Municipality in Palghar District, within the Mumbai Metropolitan Region.
- Vasai is known for its industrial hubs and affordable housing, driving population growth since the 1980s due to its proximity to Mumbai.
- The property offers excellent connectivity, being 43 km from Mumbai International Airport and 28.8 km from Borivali Railway Station, accessible via public and private transport.
Property Highlights
The hotel will feature:
- Rooms: 76 well-appointed rooms
- Amenities: A restaurant, meeting room, swimming pool, spa, and other modern facilities
- Designed to cater to both business and leisure travelers.
Stock Performance
- Current Price: ₹152.28 (+1.71%)
- Market Capitalization: ₹120.43 billion
- 52-Week Range: ₹112.29 – ₹159.00
- P/E Ratio: 79.53
- Average Volume: 5.31 million
