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Lemon Tree gains 2% on opening Red Fox Hotel in Rajasthan
With the opening of this hotel, it presently operates 56 hotels including managed properties across 33 cities in India.
Lemon Tree shares rallied 2 percent intraday on May 7 after opening a Red Fox Hotel in Rajasthan.
The stock was trading at Rs 73.50, up 0.82 percent on the BSE, at 11:58 hours IST.
The mid-priced hotel sector chain informed exchanges that it opened a hotel under brand name Red Fox Hotel which is located at Alwar, Rajasthan.
"This is our second managed hotel in Alwar, Rajasthan," the company said, adding the hotel has 49 rooms with a conference facility, multi-cuisine coffee shop, bar, fitness center, etc.
With the opening of this hotel, it presently operates 56 hotels including managed properties across 33 cities in India
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