LEMONTREE

** Shares of Lemon Tree LEMO.NS rise 4.9% to 134.86 rupees apiece

** Rise after Macquarie says hotel chain operator is primed for growth uptick, led by renovation of new hotels, rise in number of rooms

** Macquarie says LEMO's valuations are compelling, trading at a 9% discount to historical valuations

** Adds LEMO has potential to double its earnings by fiscal year 2028

** Reiterates "outperform" at a target price of 210 rupees, implying a 64% upside

** Average rating of 15 analysts tracking LEMO is "buy"; median target price is 170 rupees, according to data compiled by LSEG

** LEMO shares down 12% in 2025 so far, compared to 8% drop in Nifty 500 index .NIFTY500 of which it is a constituent

(Reporting by Bharath Rajeswaran in Bengaluru)

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

• LEMON TREE HOTELS LTD - ARBITRATOR AWARDS IN FAVOR OF MATERIAL SUBSIDIARY FLEUR HOTELS

• LEMON TREE HOTELS LTD - CLAIMANT TO RECEIVE 114.7 MILLION RUPEES PLUS 9% P.A. INTEREST

Source text: ID:nNSE6cdjS0

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Feb 4 (Reuters) - Lemon Tree Hotels Ltd LEMO.NS:

• LEMON TREE HOTELS DEC-QUARTER CONSOL NET PAT 624.9 MILLION RUPEES

• LEMON TREE HOTELS DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 3.55 BILLION RUPEES

Source text: ID:nBSE9TBt6Z

Further company coverage: LEMO.NS

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** Indian tourism stocks rise as Finance Minister Nirmala Sitharaman says government will develop top destinations with key infrastructure in budget

** Indian Tourism Development Corp ITDC.NS up 11.61%

** Tourism Finance Corporation of India TFCI.NS up about 2%, Lemon Tree Hotels LEMO.NS up around 1%

(Reporting by Ananta Agarwal in Bengaluru)

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Jan 27 (Reuters) - Lemon Tree Hotels Ltd LEMO.NS:

• LEMON TREE HOTELS SIGNS A NEW PROPERTY IN GUJARAT

Source text: ID:nBSE3r711X

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

• LEMON TREE HOTELS LTD - EXECUTES AGREEMENT FOR NEW HOTEL IN VADODARA

• LEMON TREE HOTELS LTD - HOTEL EXPECTED TO START OPERATIONS IN FY 2029

Source text: ID:nNSE8KhBrJ

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Dec 26 (Reuters) - Lemon Tree Hotels Ltd LEMO.NS:

• LEMON TREE HOTELS LTD - SIGNS AGREEMENT FOR NEW PROPERTY IN MAHARASHTRA

Source text: ID:nNSE5T991W

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** Shares of Lemon Tree Hotels LEMO.NS rise 2.7% to a record high of 159 rupees

** Stock on track to seventh straight day of gains, if trend holds

** Reuters could not immediately ascertain the reason behind LEMO's move

** December marks LEMO's busiest in 4 months, with nearly 100 mln shares traded

** Analysts' avg rating on stock is "buy", same as that on peers Indian Hotels Co IHTL.NS and Chalet Hotels CHAL.NS - data compiled by LSEG

** Their median PT on LEMO is 153 rupees - LSEG data

** Stock up 30% YTD, vs 101% and 43% gains in IHTL and CHAL, respectively

(Reporting by Aleef Jahan in Bengaluru)

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** Axis Capital initiates coverage on Chalet Hotels CHAL.NS, Juniper Hotels JUNI.NS, The Indian Hotels Co IHTL.NS with 'buy', and Lemon Tree Hotels LEMO.NS with 'add'

CHALET HOTELS AND JUNIPER HOTELS

** Brokerage sees revenue and occupancy at CHAL and JUNI benefiting from premium brand affiliations (CHAL-Mariott; JUNI-Hyatt)

** CHAL and JUNI's assets all located near business centers and airports, targeting business travellers - brokerage

INDIAN HOTELS CO AND LEMON TREE HOTELS

** IHTL, which operates the iconic Taj Brand, and LEMO to benefit from premiumization

** Both IHTL and LEMO plan to increase the share of managed hotels in their portfolios, as part of an asset-light model strategy, a plus for management fee growth and profit margins - brokerage

** On the day, CHAL up 5.27% to 976 rupees ($11.50), LEMO up 1.56% to 145 rupees, while JUNI down 1.02% to 358.6 rupees and IHTL flat

($1 = 84.8625 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru)

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Dec 5 (Reuters) - Lemon Tree Hotels Ltd LEMO.NS:

• LEMON TREE HOTELS LTD - SIGNS NEW PROPERTY IN PAVAGADH

• LEMON TREE HOTELS LTD - HOTEL EXPECTED TO OPEN IN FY 2027

Source text: [ID:]

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Oct 29 (Reuters) - Lemon Tree Hotels Ltd LEMO.NS:

• SIGNS LICENSE AGREEMENT FOR 45-ROOM HOTEL IN AMRITSAR, PUNJAB

Source text: ID:nBSE4GCQp7

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Oct 23 (Reuters) - Lemon Tree Hotels Ltd LEMO.NS:

• LEMON TREE HOTELS - SIGNS NEW PROPERTY IN MAHARASHTRA

• LEMON TREE HOTELS - HOTEL IS EXPECTED TO OPEN IN FY 2028

Source text for Eikon: ID:nnAZN2HR6X3

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

• SIGNED LICENSE AGREEMENT FOR 72-ROOM HOTEL IN KALABURAGI, KARNATAKA

Source text for Eikon: ID:nBSE5wSYQ8

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Oct 16 (Reuters) - Lemon Tree Hotels Ltd LEMO.NS:

• TERMINATION OF OPERATING AGREEMENT, LICENSE AGREEMENT FOR HOTEL IN RISHIKESH

Source text for Eikon: [ID:]

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Oct 7 (Reuters) - Lemon Tree Hotels Ltd LEMO.NS:

• LEMON TREE HOTELS LTD - SIGNS A NEW PROPERTY IN UDAIPUR

Source text for Eikon: ID:nBSE3SQcxL

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

• SIGNS LICENSE AGREEMENT FOR 40-ROOM HOTEL IN SRINAGAR, JAMMU AND KASHMIR

Source text for Eikon: ID:nBSE1BF4hh

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Sept 18 (Reuters) - Lemon Tree Hotels Ltd LEMO.NS:

• SIGNED LICENSE AGREEMENT VIZ KEYS LITE BY LEMON TREE HOTELS, VIJAYAWADA

Source text for Eikon: ID:nBSE4RnhTq

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

• LEMON TREE HOTELS LTD - SIGNS NEW PROPERTY IN MUMBAI VIA UNIT

Source text for Eikon: ID:nBSE20Ztft

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Aug 30 (Reuters) - Lemon Tree Hotels Ltd LEMO.NS:

• LEMON TREE HOTELS - LEMON TREE HOTELS SIGNS NEW PROPERTY IN AMRITSAR

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** Shares of Lemon Tree Hotels LEMO.NS rise 2.3% to 135.6 rupees, set for best day in a week

** Hotel chain co signs license agreement for new property in Ujjain, Madhya Pradesh; hotel expected to open in FY 2027

** More than 5 mln shares change hands, nearly same as the 30-day avg

** Avg rating of 16 analysts covering the stock at "buy"; median PT is at 152.50 rupees - LSEG data

** Stock up 14% so far this year, had gained ~40% in 2023 for third straight year of gains

(Reporting by Dimpal Gulwani in Bengaluru)

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Aug 7 (Reuters) - Lemon Tree Hotels Ltd LEMO.NS:

• JUNE-QUARTER CONSOL NET PAT 198.1 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2.68 BILLION RUPEES

Source text for Eikon: ID:nBSE7dnpjg

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

• LEMON TREE HOTELS - SIGNED LICENSE AGREEMENT FOR KEYS PRIMA BY LEMON TREE HOTELS, KOTA

Source text for Eikon: ID:nNSE5G237D

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

• SIGNS TWO PROPERTIES IN PATHANKOT, PUNJAB AND GOA

• BOTH PROPERTIES ARE EXPECTED TO OPEN IN FY 2026

Source text for Eikon: ID:nNSE3nzLq9

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

• SIGNS A NEW PROPERTY IN MORBI, GUJARAT

Source text for Eikon: [ID:]

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** Lemon Tree Hotels LEMO.NS up 3.3% at 143.15 rupees, set to snap five-session losing run

** LEMO posts a 52.3% Y/Y jump in its March-qtr profit, while rev rose 29.5%

** Analysts avg rating on LEMO is "buy" and median TP is 154.50 rupees - LSEG data

** Trading vol 1.2x the 30-day avg by mid morning

** Including session's gain, stock up 19.4% YTD

($1 = 83.4000 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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

• SIGNED LICENSE AGREEMENT FOR KEYS LITE BY LEMON TREE HOTELS, SOMNATH

Source text for Eikon: ID:nNSE7P9F4F

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

• LEMON TREE HOTELS LTD - SIGNED FRANCHISE AGREEMENT FOR UPCOMING HOTEL IN UTTAR PRADESH

Source text for Eikon: ID:nBSEcddsn9

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April 29 (Reuters) - Lemon Tree Hotels Ltd LEMO.NS:

• LEMON TREE HOTELS - GOT TAX ORDER FOR DEMAND OF 6.5 MILLION RUPEES

Source text for Eikon: ID:nNSE93f1N6

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** Investec expects all Indian hotel firms in its coverage to post upbeat Q4 results "supported by the wedding season, increased leisure demand"

** Expect Lemon Tree Hotels LEMO.NS to deliver highest Y/Y rev growth in Q4 at 28.4% vs peers Indian Hotels Company IHTL.NS and Chalet Hotels CHAL.NS at 21.2% and 22.2%, respectively

** Margins seen stable for IHTL, CHAL on strong base, flags pressure for LEMO due to co's new launches, ongoing updates

** Investec downgrades CHAL to "hold" after stock rises 18% in one month, retains "buy" on LEMO, "hold" on IHTL

** Investec raises TP for all three firms, all of which are rated "buy" on an average, per LSEG data

** In late trade, CHAL, LEMO up 1.1% and 1.6% while IHTL largely flat

(Reporting by Hritam Mukherjee in Bengaluru)

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April 1 (Reuters) - Lemon Tree Hotels Ltd LEMO.NS:

• LEMON TREE HOTELS LTD - UNIT GETS TAX DEMAND NOTICE FOR 17.2 MILLION RUPEES

• LEMON TREE HOTELS LTD - INTEREST PAYMENT OF 15.1 MILLION RUPEES

Source text for Eikon: ID:nNSEPFwzx

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