Lemon Tree Hotels

July 10 (Reuters) - Lemon Tree Hotels Ltd LEMO.NS:

• TERMINATES HOTEL OPERATING AGREEMENT FOR LEMON TREE HOTEL, HUBLI

Source text: ID:nBSE7lsxqP

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June 8 (Reuters) - Lemon Tree Hotels Ltd LEMO.NS:

• LEMON TREE HOTELS - SIGNS FRANCHISE AGREEMENT FOR KEYS PRIMA IN JAIPUR WITH 88 ROOMS

Source text: ID:nNSE17vGPL

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May 25 (Reuters) - Lemon Tree Hotels Ltd LEMO.NS:

• SIGNS LICENSE AGREEMENT FOR 66-ROOM HOTEL IN KUMBAKONAM, TAMIL NADU

Source text: ID:nBSE7WhTDG

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** Macquarie says geopolitical tensions in the Middle East could weigh on foreign tourist arrivals and near-term occupancy for Indian hotel operators

** Shares of Lemon Tree Hotels LEMO.NS down 0.79% at 121.68 rupees, Chalet Hotels CHAL.NS drop 1.44% to 799.85 rupees, ITC Hotels ITCT.NS fall 1.34% to 161.40 rupees and Indian Hotels Co IHTL.NS drops 3.07% to 639.45 rupees

** Brokerage says March demand softened as the conflict disrupted inbound travel, which may drive a wobble in fourth-quarter FY2026 occupancies

** Notes foreign tourist arrival exposure is a key swing factor for Chalet, ITC Hotels, and Indian Hotels, which typically derive about 25%–40% of room nights from overseas travelers

** Adds domestic travel remains resilient and could partly cushion the impact

** YTD, LEMO down 23%, CHAL dropped ~7%, ITCT fell 17.2% and IHTL down 10.7%

(Reporting by Surbhi Misra in Bengaluru)

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April 22 (Reuters) - Lemon Tree Hotels Ltd LEMO.NS:

• SIGNS TWO LICENSE AGREEMENTS IN RAIPUR AND JALANDHAR

Source text: ID:nBSE7QxpY1

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April 17 (Reuters) - Lemon Tree Hotels Ltd LEMO.NS:

• SIGNS LICENSE AGREEMENT FOR HOTEL IN GARUDESHWAR, GUJARAT

Source text: ID:nBSE5sVMfN

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April 8 (Reuters) - Lemon Tree Hotels Ltd LEMO.NS:

• LEMON TREE HOTELS LTD - HOTEL OPERATING AGREEMENT BETWEEN PRM TIRUPATI AND CARNATION HOTELS TERMINATED

Source text: ID:nBSE76fy4Y

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March 9 (Reuters) - Lemon Tree Hotels Ltd LEMO.NS:

• ANNOUNCES NEW HOTEL SIGNING IN GORAKHPUR, UTTAR PRADESH

Source text: ID:nBSE8cHq24

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** Indian tourism stocks .NIFTYINDTOURISM shed 5.3% so far this week, their steepest weekly fall since early Jan

** Drop comes after U.S. and Israel launched strikes against Iran, which also resulted in the death of Iran's supreme leader

** Analysts say escalations in tensions to hurt travel demand, especially for domestic carriers like IndiGo INGL.NS, which gets 35%-40% of its international capacity from the region

** INGL down 8.6% so far this week, its steepest such fall in three months

** Visa services provider BLS International BLSN.NS drops 7.3% for the week; airports operator GMR Airports GMRI.NS falls 3%

(Reporting by Kashish Tandon in Bengaluru)

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By Praveen Paramasivam and Nathan Gomes

CHENNAI/BENGALURU, March 5 (Reuters) - International music concerts and marquee sporting events are fast becoming a key growth driver for India's hotel industry, as younger consumers increasingly prioritise live experiences over big-ticket shopping, hotel executives said.

From pop star Dua Lipa to rapper Ye, global artists are adding India to their tour calendars, filling hotel rooms just as corporate travel demand from IT services providers shows signs of cooling amid tighter spending, according to at least three executives.

"We are now in the economy of experiences," Alan Watts, president of Hilton's HLT.N Asia Pacific business, told Reuters.

The effect has been hard to miss in host cities.

British rock band Coldplay's Ahmedabad show last year drew tens of thousands of fans, making the concert day the city's busiest for metro traffic and air arrivals and generating about $70 million in economic gains, industry data showed.

"Coldplay has changed the game by coming to India," said Vijay Dewan, managing director of Apeejay Surrendra Park Hotels APEJ.NS. "Concerts are going to be very helpful in terms of improving occupancies."

The momentum is underpinned by a rapidly expanding live events industry. India's $5.69 billion event and exhibition market is forecast to grow to $9.04 billion by 2031, according to Mordor Intelligence.

Hotels are adjusting accordingly. Lemon Tree Hotels LEMO.NS, one of India's largest mid-priced chains, is weighing proximity to concert halls and stadiums more heavily when scouting new locations.

"It will increasingly become important for everybody in the hotel industry," said Lemon Tree Hotels CEO Neelendra Singh.

Beyond music, cricket and other big-ticket sporting events are fuelling sharp, multi-day spikes in demand.

Every time there is a cricket match — in Ahmedabad, for instance — the spike is "phenomenal," said Nikhil Sharma, managing director and operating chief for South Asia at Radisson Hotel Group.

But some executives were more skeptical.

"You need sustained event programming through the year for it to have meaningful impact (to the bottom line)," said Arjun Baljee, president of Royal Orchid Hotels ROYL.NS.

(Reporting by Praveen Paramasivam in Chennai and Nathan Gomes in Bengaluru; Editing by Dhanya Skariachan and Sonia Cheema)

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By Praveen Paramasivam and Nathan Gomes

CHENNAI/BENGALURU, March 2 (Reuters) - India's Lemon Tree Hotels LEMO.NS is preparing to step up its overseas expansion over the next three to five years, as Indians increasingly travel abroad for leisure, a top executive said.

India is expected to become the world's fourth-largest outbound tourism market by 2035, behind the U.S., China and Germany, rising from 10th place, Capital Economics said last year.

"We would like to go where the Indian traveller is going," Managing Director and CEO Neelendra Singh told Reuters in an interview last week, citing popular destinations such as Thailand, Vietnam and Singapore as natural fits for the brand.

He did not share more details.

The midscale chain has five hotels outside India, two in Nepal and Bhutan and one in the UAE, out of more than 120 properties. Other hotel chains with luxury brands in their portfolio, including Taj owner Indian Hotels IHTL.NS and Oberoi operator EIH EIHO.NS, also have limited overseas footprints.

Lemon Tree has a pipeline of more than 120 hotels, with India remaining its main focus for now.

Owner of brands including Aurika, Red Fox and Keys Select, Lemon Tree is India's third-biggest homegrown hotel chain by number of rooms, behind Ginger-owner Indian Hotels and ITC Hotels ITCT.NS, which runs the Fortune and Welcomhotel brands.

Asked whether rising tensions in the Middle East could affect its plans, Singh said the company was sticking to its strategy, adding the expansion remained a mid-term goal.

At home, Lemon Tree is exploring bringing unbranded hotels into its system through a largely franchise-led model to tap India's vast independent hotel market, about half of which, according to industry estimates, is unbranded.

In January, it said it would shift all hotel ownership to subsidiary Fleur and become a fully asset-light operator, creating two publicly traded entities within 12 to 15 months.

​

(Reporting by Praveen Paramasivam and Nathan Gomes; Editing by Dhanya Skariachan and Harikrishnan Nair)

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Feb 24 (Reuters) - Lemon Tree Hotels Ltd LEMO.NS:

• SIGNING OF A NEW HOTEL IN NAJIBABAD

Source text: ID:nBSE9vlk3d

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** Shares of Indian hospitality and tourism stocks rise between 0.3% and 4.3%

** Lemon Tree Hotels LEMO.NS up 2.8%, Yatra Online YTRA.O rises 1.62%, Rategain Travel Technologies RATE.NS up 4.3%

** In federal budget, Indian Finance Minister Nirmala Sitharaman announced the setting up of National Institute of Hospitality, pilot scheme to train guides, and other initiatives to promote tourism

** Axis Securities expects measure to be positive for travel and leisure companies

(Reporting by Mridula Kumar in Bengaluru)

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Jan 21 (Reuters) - Lemon Tree Hotels Ltd LEMO.NS:

• SIGNS NEW 85-ROOM PROPERTY IN MADHYA PRADESH

Source text: ID:nBSE2NlNl6

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** Shares of India's Lemon Tree Hotels LEMO.NS rise 2.12% to 153 rupees

** Indian hotel chain on Saturday announced investment of 9.6 bln rupees by private equity group Warburg Pincus in its subsidiary, Fleur Hotels, as well as strategic reorganization

** Fleur to lead all future hotel acquisitions and development, while Lemon Tree to transition to fully asset-light model - statement

** Stock rated "buy" by 19 analysts on avg; median PT is 180 rupees - LSEG data

** Stock down 4.38% YTD

(Reporting by Abhirami G in Bengaluru)

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Dec 15 (Reuters) - Lemon Tree Hotels Ltd LEMO.NS:

• SIGNS NEW PROPERTY IN NEPAL

Source text: ID:nNSE7xtFXt

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** Lemon Tree Hotels LEMO.NS falls 4.66% to 155.63 rupees

** Co reports muted net EBITDA growth of 1% y/y; revenue up 8%

** Net EBITDA margin falls 306 bps y/y on higher renovation, technology costs

** Co says H1 2025 faced multiple headwinds, including geopolitical tensions, floods, airplane crash, tariff wars, which resulted in "muted demand"

** YTD, LEMO gains ~1.75%

(Reporting by Ananta Agarwal in Bengaluru)

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Oct 31 (Reuters) - Lemon Tree Hotels Ltd LEMO.NS:

• SIGNS "KEYS LITE" PROPERTY IN KURALI, KHARAR

Source text: ID:nBSE9YpKRP

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Sept 15 (Reuters) - Lemon Tree Hotels Ltd LEMO.NS:

• LEMON TREE HOTELS LTD - SIGNS NEW PROPERTY IN GAYA, BIHAR

Source text: ID:nBSE7qpLrn

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** Shares of Lemon Tree Hotels LEMO.NS rise 3% to 170 rupees

** Hotel chain operator signs three new properties in Pushkar and Ajmer in Rajasthan

** Properties to be managed by subsidiary Carnation Hotels; total of 205 rooms added

** More than 5.7 mln shares change hands, 1.2x of 30-day avg

** LEMO rated "buy" by 18 analysts on average; median target price is 175 rupees – data compiled by LSEG

** Stock up 11.2% YTD

(Reporting by Rudra Pratap Singh in Bengaluru)

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Sept 2 (Reuters) - Lemon Tree Hotels Ltd LEMO.NS:

• LEMON TREE HOTELS LTD - SIGNS THREE NEW PROPERTIES IN RAJASTHAN

Source text: ID:nBSE56yFZ1

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** Lemon Tree Hotels LEMO.NS rises 2% to 171 rupees

** Co signs new property in Uttarakhand's Dehradun with 98 rooms to be managed by its unit Carnation Hotels Private Limited

** Stock rated "buy" on avg; median PT is 175 rupees, per data compiled by LSEG

** YTD, LEMO gains ~12%

(Reporting by Komal Salecha)

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** Lemon Tree Hotels LEMO.NS rises 2% to 173 rupees

** Macquarie says upcoming Aurika, Nehru Place could be among New Delhi's largest luxury hotels

** Co, via it's Fleur Hotels, secured Special Property Licence from DDA to build 500-room Aurika hotel on 2.2-acre plot

** Brokerage expects 12% Internal Rate of Return (IRR) for project

** Sees efficient cash flow, strong demand, strategic location, Aurika's brand scale-up as key drivers of confidence on hotel chain operator

** LEMO rated "buy" on average; median PT is 175 rupees, per data compiled by LSEG

** YTD, LEMO gains 13%

(Reporting by Rudra Pratap Singh in Bengaluru)

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Aug 15 (Reuters) - Lemon Tree Hotels Ltd LEMO.NS:

• FLEUR HOTELS RECEIVES LETTER OF AWARD FROM DELHI DEVELOPMENT AUTHORITY

• LOA FOR DEVELOPMENT OF 5 STAR HOTEL ON 2.256 ACRES AT NEHRU PLACE

Source text: ID:nBSE1vsVKK

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** Shares of Lemon Tree Hotels LEMO.NS jump 4% to 149 rupees

** Hotel chain operator posts 93.5% Y/Y rise in June-qtr consol net profit; consol rev from ops rises 17.8% Y/Y

** Macquarie maintains "outperform" rating; keeps TP at 200 rupees, implying nearly 40% upside from last close

** Says co beats profit estimates, helped by strong performance at its premium Aurika hotels

** LEMO rated "buy" by 17 analysts on average; median target price is 175 rupees – data compiled by LSEG

** Stock down 2.6% YTD

(Reporting by Rudra Pratap Singh in Bengaluru)

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Aug 8 (Reuters) - Lemon Tree Hotels Ltd LEMO.NS:

• LEMON TREE HOTELS LTD - APPOINTS PATANJALI GOVIND KESWANI AS EXECUTIVE DIRECTOR AND CHAIRMAN

• LEMON TREE HOTELS JUNE-QUARTER CONSOL NET PROFIT 383.3 MILLION RUPEES

• LEMON TREE HOTELS LTD - PATANJALI GOVIND KESWANI TO CEASE AS MANAGING DIRECTOR

• LEMON TREE HOTELS JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 3.16 BILLION RUPEES

• LEMON TREE HOTELS LTD - APPOINTS KAPIL SHARMA AS EXECUTIVE DIRECTOR AND CFO FOR 5 YEARS

Source text: ID:nBSE4ksG8k

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July 10 (Reuters) - Lemon Tree Hotels Ltd LEMO.NS:

• SIGNS TWO NEW PROPERTIES IN MAHARASHTRA

Source text: ID:nNSEmNSw5

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** Indian Hotels IHTL.NS climbs 2.6% to 784 rupees

** JP Morgan begins coverage on hotelier with "overweight" and PT of 890 rupees

** IHTL's underlying fundamentals "remain strong," brokerage says; sees IHTL's FY30 targets being delivered ahead of schedule

** While traditional brands (Taj, Vivanta) contribute lion's share (~70%) of revenue, JPM expects revenue contribution from Ginger and its airline catering joint venture Taj SATS to grow to 25% by FY28

** Avg rating on IHTL, peers Lemon Tree LEMO.NS and Chalet Hotels CHAL.NS at "buy" - data compiled by LSEG

** YTD, IHTL and LEMO down ~11%, CHAL declines 7%

(Reporting by Kashish Tandon in Bengaluru)

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June 20 (Reuters) - Lemon Tree Hotels Ltd LEMO.NS:

• EXECUTES HOA FOR NEW HOTEL IN GREATER NOIDA

Source text: ID:nNSE1f7dzd

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June 19 (Reuters) - Lemon Tree Hotels Ltd LEMO.NS:

• SIGNS NEW 60-ROOM PROPERTY IN MADHYA PRADESH

Source text: ID:nnAZN4047SU

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