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This property shall be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited. It will further strengthen the company's presence in Uttar Pradesh, while catering to both business and leisure travellers for a fresh, vibrant, and value-driven experience.
Profit before tax during the quarter stood at Rs 55.83 crore, registering a growth of 23.35% from Rs 45.26 crore reported in Q2 FY25. EBITDA stood at Rs 125 crore in Q2 FY26, flat on a year-on-year basis. The EBITDA margin declined to 44.1% in Q2 FY26 from 47.4% in Q2 FY25.
During the quarter, gross ARR (average revenue per room) increased 6% YoY to Rs 6,607 during the quarter, while the occupancy rate jumped to 71.7% in Q2 FY26 as against 70.7% in Q2 FY25.
RevPAR (revenue per available room) jumped 7% to Rs 4,735 in Q2 FY26, compared with Rs 4,417 in Q2 FY25.
Patanjali Keswani, chairman & managing director, Lemon Tree Hotels, said, “The company reported its highest-ever Q2 revenue at Rs 308 crore, up 8% YoY. Net EBITDA rose 1% YoY to Rs 132.4 crore, with margins at 43%, down 306 bps due to higher renovation, technology, and one-time employee costs. The company completed major upgrades in Delhi, Bangalore, Hyderabad, and the Keys portfolio, rebranding several hotels to higher categories, leading to improved performance. ARR grew 6% YoY to Rs 6,247, occupancy rose to 69.8%, and RevPAR increased 8% to Rs 4,358.
PAT grew 20% YoY to Rs 41.9 crore, while cash profit rose 9.2% to Rs 76.3 crore. Debt was reduced to Rs 1,610 crore, and the credit rating improved to A+ from A, lowering borrowing costs. The company added 15 new management and franchise contracts (1,138 rooms) and opened 5 hotels (272 rooms). Total inventory stood at 242 hotels and 20,074 rooms. Lemon Tree remains optimistic about H2 FY26 with expectations of improved occupancy and ARR as renovation and technology investments yield results.”
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.
This launch marks another milestone in the brand's expansion across southern India and further reinforces its presence in Kerala, where it has five operational properties.
The hotel is located in Thiruvananthapuram, also known as Trivandrum, the capital city of Kerala. On the southwest coast of India, along the Arabian Sea coast, the city has a rich history, dating back to ancient times, and it serves as an important cultural, political, and educational centre in Kerala. It is famous for its rich cultural heritage, iconic Padmanabhaswamy Temple, and scenic beaches like Kovalam. It's also a growing IT hub with Technopark and home to renowned educational and research institutions, blending tradition with modernity.
Located in the Doon Valley at the foothills of the Himalayas, The property features contemporary interiors, seamless service, and a hint of the brand’s signature lemon fragrance. It offers 98 vibrant rooms and suites, Citrus Café – a multicuisine restaurant, and banquet spaces including Tangerine 1 and Tangerine 2. The hotel shares its premises with the Mall of Dehradun, the largest mall in Uttarakhand, which houses high-end national and international brands.
Vishvapreet Singh Cheema, president, Lemon Tree Hotels, said, “With the opening of Lemon Tree Hotel, Mall of Dehradun, Dehradun, we are pleased to extend our signature comfort and warmth to travellers visiting Dehradun where we already have two hotels. Its prime location will give the guests multiple recreation and shopping options.”
Lemon Tree Hotels (LTHL) is one of the largest hotel chains in India and owns/leases/operates/franchises hotels across the upscale, upper-midscale, midscale, and economy segments. The group offers seven brands to meet guests’ needs across all levels, viz., Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox Hotels by Lemon Tree Hotels, Keys Prima by Lemon Tree Hotels, Keys Select by Lemon Tree Hotels, and Keys Lite by Lemon Tree Hotels.
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.
The counter shed 0.33% to Rs 167.70 on the BSE.
Lemon Tree Hotels announced the signing of two new properties — Lemon Tree Premier, Ayodhya and Lemon Tree Premier, Guwahati.
As per the terms of Development Management and License Agreements entered into between RJ Corp Limited and Lemon Tree Hotels, these two hotels shall be developed by RJ Corp Limited utilising the technical expertise of Lemon Tree Hotels. The hotel operations shall be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels.
Lemon Tree Premier, Ayodhya, in the city steeped in divine history, will feature approximately 300 rooms. These will be complemented by a restaurant, a banquet and a meeting/conference room as well as recreation facilities including a swimming pool, a spa and other public areas.
On the other hand, Lemon Tree Premier, Guwahati will feature approximately 300 rooms and approximately 50 serviced apartments with kitchenettes. Additionally, the hotel will also have a restaurant, a banquet, a meeting/conference room as well as recreation facilities including a swimming pool, a spa and other areas.
This marks the group’s third hotel in the city, further consolidating its footprint in Rajasthan’s capital.
The 50-room managed property offers well-appointed accommodations, along with modern amenities such as Keys Café, a multi-cuisine restaurant, and a well-equipped fitness centre, catering to both business and leisure travellers.
Commenting on the opening Vishvapreet Singh Cheema, president, Lemon Tree Hotels said, “Jaipur continues to be one of India’s most sought-after destinations, attracting both leisure and business travellers. With this new opening, our third in the city, we are delighted to strengthen our presence in Rajasthan and offer guests the brand’s signature combination of comfort, warmth, and value in a city that epitomises culture and hospitality.”
The counter fell 0.12% to Rs 170.85 on the BSE.