Lemon Tree Hotels Signs New Property in Rajasthan, Shares Edge Higher

New Resort in Mori Bera to Open in FY27 Under Carnation Hotels Management

April 16, 2025 . 09:31 IST Lemon Tree Hotels Ltd. witnessed a slight uptick in trading on Wednesday morning following the announcement of its latest expansion in Rajasthan. The company’s shares were trading at ₹143.15 on the BSE, marking a 0.60% rise from the previous close of ₹142.30.

The stock opened at ₹143.70 and recorded a high and low of ₹143.70 and ₹142.35 respectively. With a market capitalization of ₹11,273.67 crore, Lemon Tree remains a significant player in India’s hospitality sector. Its 52-week high is ₹162.25 (January 2, 2025), while the low stands at ₹110.55 (April 7, 2025).

New Property Overview: Lemon Tree Resort, Mori Bera

Lemon Tree Hotels announced the signing of a new upscale property Lemon Tree Resort, Mori Bera in Rajasthan. The resort will be managed by Carnation Hotels, a wholly-owned subsidiary of Lemon Tree Hotels, and is scheduled to begin operations in FY27.

The resort will offer 17 well-appointed rooms, a restaurant, bar, swimming pool, spa, Jacuzzis, and expansive public areas. Conveniently located, the resort is approximately 150 km from Udaipur Airport and just 2.7 km from Mori Bera railway station, ensuring excellent connectivity via road and rail.

Strategic Expansion to Bolster Mid-Priced Segment Dominance

Lemon Tree Hotels is India’s largest hotel chain in the mid-priced segment and ranks third overall in the hospitality industry based on controlling interest in owned and leased rooms. The company’s continued focus on expanding its footprint in tier-II and tier-III cities supports its long-term growth strategy amid rising domestic tourism.

The signing of the Mori Bera resort highlights Lemon Tree’s commitment to capturing untapped potential in emerging travel destinations across India, aligning with both leisure and experiential travel trends.