Latest news with #PatanjaliKeswani
Yahoo
12 hours ago
- Business
- Yahoo
Lemon Tree Hotels' subsidiary wins bid for five-star hotel development
Lemon Tree Hotels announced that its subsidiary, Fleur Hotels, has received a Letter of Award (LOA) from the Delhi Development Authority (DDA) in India. This follows Fleur Hotels being declared the successful bidder for the licence rights to a prime 2.256-acre land parcel in Nehru Place, New Delhi. The licence is intended for developing and operating a five-star hotel under the Aurika brand. Construction on the upcoming hotel, namely Aurika, Nehru Place, will begin soon. Once complete, it will be the brand's first property in the National Capital Region. The LOA is valid for 12 months from issuance, subject to compliance with DDA conditions and tender documents. In a statement, DDA said: "The bidding process, conducted on August 13, saw Fleur Hotels secure the project with an annual license fee offer of Rs271.9m, about 50% higher than the reserve price." The project will encompass all activities related to the development and operation of the hotel on the licensed site. Aurika, Nehru Place will feature more than 500 rooms, positioning it among the largest hotels in Delhi. It will offer premium accommodation, signature dining, large banqueting facilities, and leisure amenities. Designed similarly to Aurika, Mumbai SkyCity, the hotel will blend grandeur with a distinctive Delhi flair, aiming to appeal to both sophisticated business travellers and leisure guests. Lemon Tree Hotels chairman and managing director Patanjali Keswani stated, "Delhi has always been a strategic focus for us. Aurika's entry will deliver a luxury experience that's about living, not just staying – a landmark in style, comfort, and service for the region." "Lemon Tree Hotels' subsidiary wins bid for five-star hotel development" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Standard
17 hours ago
- Business
- Business Standard
Lemon Tree Hotels jumps after arm wins DDA bid for 5-Star Aurika Hotel in Delhi
Lemon Tree Hotels jumped 5.34% to Rs 153 after its material subsidiary, Fleur Hotels, has received a letter of award (LoA) from the Delhi Development Authority (DDA) for the licence rights to a prime land parcel in Nehru Place, New Delhi. The award was received on 14 August 2025, following Fleur Hotels being declared the successful bidder for the 2.256-acre site, located in one of the capitals most prominent commercial hubs. The licence is for the development and operation of a 5-star hotel under Lemon Trees upper upscale brand, Aurika. The proposed property, to be named Aurika, Nehru Place, will mark the brands debut in the National Capital Region (NCR). The LoA is for 12 months from the date of issuance and is subject to compliance with conditions laid out by the Delhi Development Authority (DDA) and in the associated tender documents. According to the company, the project will encompass all activities related to the design, development, and operation of the hotel on the licensed site. Aurika, Nehru Place will feature over 500 rooms, positioning it among the largest hotels in Delhi, and will offer premium accommodation, signature dining experiences, expansive banqueting facilities, and a range of leisure amenities. Designed on the lines of Aurika, Mumbai SkyCity, the hotel will blend grandeur with a distinctive Delhi flair, catering to both sophisticated business travellers and discerning leisure guests. Patanjali Keswani, chairman and managing director, Lemon Tree Hotels, said, "Delhi has always been a strategic focus for us. Aurikas entry will deliver a luxury experience thats about living, not just staying a landmark in style, comfort, and service for the region." Lemon Tree Hotels (LTHL) is the largest mid-priced and the third-largest overall hotel chain in India. It operates in the upscale segment and in the mid-priced sector, consisting of the upper-midscale, midscale, and economy segments. It delivers differentiated yet superior service offerings, with a value-for-money proposition. The company reported a 93.49% surge in consolidated net profit to Rs 38.33 crore, while revenue from operations rose 17.82% to Rs 315.77 crore in Q1 FY26 over Q1 FY25.
&w=3840&q=100)
Business Standard
18 hours ago
- Business
- Business Standard
Delhi's Nehru Place to get 500-room luxury hotel under ₹10,000 cr DDA deal
In a landmark move that signals a strategic overhaul in urban land use, the Delhi Development Authority (DDA) has awarded a Special Licence Property (SLP) project to Fleur Hotels Pvt. Ltd., a subsidiary of Lemon Tree Hotels. The development will feature Aurika, a five-star luxury hotel located on a prime 2-acre plot in Nehru Place. The project is expected to generate approximately Rs 10,000 crore over a 55-year period. "The bidding process, conducted on August 13, saw Fleur Hotels secure the project with an annual license fee offer of Rs 27.19 crore, about 50 per cent higher than the reserve price," DDA said in a statement. Key Highlights: Licensing Model Breakthrough The SLP initiative replaces the conventional freehold and perpetual lease frameworks, allowing DDA to retain ownership while securing long-term revenue through an annual licensing structure Revenue Windfall Fleur Hotels emerged victorious in an auction held on August 13 with a winning bid of ₹27.19 crore per year—50% above the reserve rate of ₹18 crore. Over the 55-year license period, this is expected to generate approximately ₹10,000 crore for the DDA Grand Hospitality Development Named Aurika, Nehru Place, the upcoming hotel will span over 500 rooms and offer signature dining, expansive banqueting spaces, and premium leisure amenities. It is set to be one of the largest luxury hotels in Delhi Strategic Positioning Located in one of the capital's key commercial hubs, Nehru Place boasts excellent connectivity and strong demand drivers, making the site ideal for both business and leisure travelers. For Lemon Tree Hotels, this is a strong confidence vote in their Aurika luxury brand and overall expansion trajectory. DDA's move to retain land ownership while leveraging prime real estate via licensing indicates a robust revenue-generation model without compromising future flexibility. Lemon Tree Hotels caters to over 1.5 million guests annually across 110+ hotels in 75 cities, and the Nehru Place project will strengthen its presence in the Capital. 'Delhi has always been a strategic focus for us. Aurika's entry will deliver a luxury experience that's about living, not just staying – a landmark in style, comfort, and service for the region,' said Patanjali Keswani, chairman and managing director of Lemon Tree Hotels. Apart from Nehru Place, DDA has identified six prime land parcels across Delhi—lying unused or encroached for years—for fresh commercial development. The pipeline includes a Gold Souk in Dwarka Sector 22, office complexes in two Rohini sectors, luxury hotels in Nehru Place and Dwarka Sector 23, and a hospital in Dwarka Sector 9. While Nehru Place is the smallest plot at 0.9 hectares, the largest is a 9.3-hectare site in Rohini, planned for a major office hub.
Business Standard
3 days ago
- Business
- Business Standard
Lemon Tree Hotels' arm wins DDA bid to develop 5-star Aurika hotel in Delhi's Nehru Place
Lemon Tree Hotels announced that its material subsidiary, Fleur Hotels, has received a letter of award (LoA) from the Delhi Development Authority (DDA) for the licence rights to a prime land parcel in Nehru Place, New Delhi. The award was received on 14 August 2025, following Fleur Hotels being declared the successful bidder for the 2.256-acre site, located in one of the capitals most prominent commercial hubs. The licence is for the development and operation of a 5-star hotel under Lemon Trees upper upscale brand, Aurika. The proposed property, to be named Aurika, Nehru Place, will mark the brands debut in the National Capital Region (NCR). The LoA is for 12 months from the date of issuance and is subject to compliance with conditions laid out by the Delhi Development Authority (DDA) and in the associated tender documents. According to the company, the project will encompass all activities related to the design, development, and operation of the hotel on the licensed site. Aurika, Nehru Place will feature over 500 rooms, positioning it among the largest hotels in Delhi, and will offer premium accommodation, signature dining experiences, expansive banqueting facilities, and a range of leisure amenities. Designed on the lines of Aurika, Mumbai SkyCity, the hotel will blend grandeur with a distinctive Delhi flair, catering to both sophisticated business travellers and discerning leisure guests. Patanjali Keswani, chairman and managing director, Lemon Tree Hotels, said, "Delhi has always been a strategic focus for us. Aurikas entry will deliver a luxury experience thats about living, not just staying a landmark in style, comfort, and service for the region." Lemon Tree Hotels (LTHL) is the largest mid-priced and the third-largest overall hotel chain in India. It operates in the upscale segment and in the mid-priced sector, consisting of the upper-midscale, midscale, and economy segments. It delivers differentiated yet superior service offerings, with a value-for-money proposition. The company reported a 93.49% surge in consolidated net profit to Rs 38.33 crore, while revenue from operations rose 17.82% to Rs 315.77 crore in Q1 FY26 over Q1 FY25. Shares of Lemon Tree Hotels fell 1.32% to close at Rs 145.25 on Thursday, 14 August 2025.
&w=3840&q=100)
Business Standard
7 days ago
- Business
- Business Standard
What are brokerages saying about this hotel stock after its Q1 results?
Lemon Tree Hotels in focus: Brokerages remain positive on hotel operator Lemon Tree Hotels after the company posted its best-ever first-quarter performance in Q1FY26. Nuvama said the hotel operator's Q1 growth was 'driven by improving average room rates (ARRs) and occupancies across portfolio brands' despite geopolitical tensions and air travel disruptions. While renovation and technology expenses weighed on margins sequentially, the brokerage noted that the major renovation program is expected to conclude by H1FY27. It has tweaked its FY26E/27E revenue estimates by -0.8 per cent/-0.7 per cent and Ebitda by +4.3 per cent/+0.1 per cent, maintaining a 'Buy' rating, with a target price of ₹166, implying a 17 per cent upside. On the other hand, Motilal Oswal highlighted the 'significant improvement' in occupancy to 72.5 per cent (up 590bps Y-o-Y) and a healthy 10 per cent increase in ARR to ₹6,236. It said operating leverage helped expand the Ebitda margin 160bps Y-o-Y despite renovation-related costs. The brokerage expects growth to be supported by the ramp-up of Aurika Mumbai (~72 per cent occupancy in Q1, guided to ~80 per cent in FY26), favorable demand-supply dynamics, renovation-led improvements, the upgraded Infinity 2.0 loyalty programme with 2.1 million members generating 45 per cent repeat business, and retail demand initiatives contributing 45 per cent of Q1 room revenue. Therefore, analysts retained a FY27 SoTP-based target price of ₹185, with a 'Buy' rating. Lemon Tree Q1 results In Q1FY26, Lemon Tree Hotels' total revenue rose 18 per cent Y-o-Y to ₹317.4 crore, while net Ebitda grew 23 per cent to ₹142.1 crore. Net Ebitda margin expanded 178bps to 44.8 per cent. Profit after tax surged 139 per cent to ₹48.1 crore, and cash profit increased 51 per cent to ₹82.3 crore. The company's cost of debt declined to 8.01 per cent, down 79bps from a year earlier. Operationally, gross ARR climbed 9.7 per cent Y-o-Y to ₹6,236, and the occupancy rate improved to 72.5 per cent from 66.6 per cent. This drove revenue per available room (RevPAR) up 19.4 per cent to ₹4,523. Debt was reduced to ₹1,658 crore, down ₹206 crore Y-o-Y. Patanjali Keswani, chairman and managing director, said, 'In Q1, despite the headwinds faced by the industry due to the geopolitical tensions and Covid scare, Lemon Tree recorded its highest-ever Q1 revenue …the occupancy for the quarter stood at 72.5 per cent, an increase of 591 bps Y-o-Y. This translated into a RevPAR of ₹4,523, marking a 19 per cent Y-o-Y increase.' Keswani added that ongoing investments in renovations, technology, business development, and renewable energy – currently about 6 per cent of revenue – will drop to 2-2.5 per cent once upgrades are complete in the next 15-18 months, boosting profitability. The company aims to achieve 50 per cent renewable energy use in its owned portfolio, having already cut power and fuel costs to 6.9 per cent of revenue from 8.7 per cent a year ago. On the asset-light side, Lemon Tree signed 14 new management and franchise contracts in the quarter, adding 1,273 rooms to its pipeline, and operationalised five hotels with 392 rooms. Total inventory now stands at 18,431 rooms in 226 hotels, with 10,661 rooms operational. Management fees grew 29 per cent Y-o-Y to ₹37.4 crore. About Lemon Tree Hotels Lemon Tree Hotels Limited (LTHL) is among India's largest hotel chains, operating across the upscale, upper-midscale, midscale, and economy segments through a mix of owned, leased, managed, and franchised properties. The group offers differentiated yet high-quality service with strong value for money, catering to diverse guest needs through seven brands – Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox Hotels, Keys Prima, Keys Select, and Keys Lite. Starting with a 49-room property in May 2004, LTHL has grown to a portfolio of over 220 hotels, comprising more than 110 operational properties and an equal number in the pipeline, both in India and overseas. Its network spans major metro markets such as NCR, Mumbai, Kolkata, Bengaluru, Hyderabad, and Chennai, as well as key tier I, II, and III cities including Pune, Ahmedabad, Chandigarh, Jaipur, Indore, Aurangabad, Udaipur, Visakhapatnam, Kochi, Ludhiana, Thiruvananthapuram, and Vijayawada. The company has also expanded internationally, opening its first overseas property in Dubai in December 2019, followed by hotels in Bhutan in February 2020 and Nepal in April 2024.
