Lemon Tree Hotels share rise after firm signs two new properties in Maharashtra

Delhi-based mid-segment hotel chain, Lemon Tree Hotels, shares gained during the morning market session on Friday, June 19, after the company signed two new properties in Maharashtra, according to an exchange filing.

NSE data showed that Lemon Tree shares have risen 1.4% to their intraday high of ₹113.50 on Friday, June 19, compared with ₹111.86 at the previous stock market close.

As per the NSE filing, Lemon Tree Hotels signed Lemon Tree Resort in Tadgaon and Lemon Tree Resort in Igatpuri, a move which increased the company’s hotel portfolio to 32 properties in Maharashtra with 15 operational and 17 in the pipeline.

“Both the properties will be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels Limited,” the company informed the stock exchanges.

The company disclosed that the hotel group is focusing on high-potential micro-markets, which are rapidly emerging as preferred drive-to locations for leisure and corporate travel from major urban hubs like Mumbai, Navi Mumbai, Thane, and Pune.

New hotels update

In the Lemon Tree Resort in Tadgaon, Maharashtra, the property will feature 110 rooms, a restaurant, a banquet hall, a meeting or conference room, a swimming pool, a spa and a fitness centre offering guests a comfortable and refreshing stay experience.

The location of the property is 75 kilometres away from the new Navi Mumbai International Airport and 100 kilometres away from Mumbai Central Railway Station, as per the official release.

Meanwhile, the second property, the Lemon Tree Resort in Igatpuri, will offer guests a total of 90 rooms, a restaurant, a banquet hall, a conference room, and a range of recreational facilities, including a swimming pool, spa, and fitness centre.

The location will be 134 kilometres from Navi Mumbai Airport and 5.6 km from Igatpuri Railway Station.

“By introducing the Lemon Tree Resort brand to these two distinct, premium micro-markets, we are uniquely positioned to capture a highly lucrative mix of weekend leisure, multi-generational travel, and mid-to-high-level corporate retreats,” said Vishvapreet Singh Cheema, President, Lemon Tree Hotels.

How have Lemon Tree shares performed?

Lemon Tree Hotels shares closed 3.1% higher at ₹111.86 after the trading session on Thursday, compared to ₹108.46 at the previous stock market close, according to NSE data. The company announced its new property updates after the market operating hours on June 18.

Shares of Lemon Tree Hotels have delivered more than 170% returns on their investment in the last five years, and over 18% gains in the last three years, as per the exchange data. However, the company’s shares have dropped 16% in the past year.

On a year-to-date basis, Lemon Tree shares have dropped 28% in the calendar year 2026, but the company’s stock has risen 0.7% in the last one month, and was trading 4.3% higher over the last five market sessions.

The company’s market capitalisation (m-cap) was at ₹8,862 crore as of the stock market close on Thursday, June 18, 2026.