Lemon Tree Hotels Ltd. News and Updates

Name: Latest research reports of Lemon Tree Hotels Ltd. authored by IDBI Capital and published by - Trendlyne research reports.
Item: Lemon Tree Hotels Ltd.
Rating: 5
Author: IDBI Capital

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Lemon Tree Hotels Ltd.

04 Dec 2019

154.58

-0.27%

Lemon Tree Hotels : Initiating Coverage

Buy: Lemon Tree Hotels Ltd.

IDBI Capital

We initiate coverage on Lemon Tree Hotels Ltd (LTH) with a BUY rating and TP of Rs85 based on 26x EV/EBITDA on FY22E. We believe LTH's 1) Leadership in mid-market hotel segment in the domestic market, 2) Robust pipe line of inventory addition, 3) Focus on asset light business model, 4) Inorganic expansion through acquisition of Keys Hotels and 5) Foray into upscale segment through Aurika brand would be key catalysts for earnings growth. We expect the company to clock net sales/EBITDA/PAT CAGR of 19.4%/22.6%/36.8% over FY19-22E. Our earlier thesis of domestic hotel industry to benefit from increasing occupancy owing to demand-supply mismatch, which will lead...

Lemon Tree Hotels Ltd. has an average target of 168.50 from 7 brokers.

Lemon Tree Hotels Ltd.

29 Nov 2019

154.58

-0.27%

Lemon Tree Hotels share price gains 3% after Red Fox launch in Andhra Pradesh

Moneycontrol

The hotel in Vijayawada offers a mix of 101 smart rooms, a coffee shop and other facilities.

Lemon Tree Hotels Ltd. is trading above all available SMAs

Lemon Tree Hotels Ltd.

27 Nov 2019

154.58

-0.27%

RJ Corp sells over 1 cr shares of Lemon Tree Hotels

Moneycontrol

According to bulk deal data on the BSE, the shares were offloaded at an average price of Rs 60.01 apeice, which took the total deal value to Rs 66.01 crore.

Lemon Tree Hotels Ltd. has gained 15.85% in the last 1 Month

Lemon Tree Hotels Ltd.

16 Nov 2019

154.58

-0.27%

Post acquisition, Keys Hotels expected to improve margins: Lemon Tree MD

Business Line

Acquisition of Keys' hotels is expected to add 60-65 crore to the consolidated EBITDA (earnings before interest, taxes, depreciation and amortisati

Number of FII/FPI investors increased from 208 to 236 in Jun 2025 qtr.

Lemon Tree Hotels Ltd.

13 Nov 2019

154.58

-0.27%

New hotels, non-recurring costs dent EBITDA

Buy: Lemon Tree Hotels Ltd.

Target

Motilal Oswal

However, like-to-like EBITDA (adjusted for Ind-AS 116) was up only 12% YoY at INR404m, with the margin down 150bp YoY to 26.5%. The 13 November 2019 company reported a loss of INR22m in 2QFY20, as against a profit of INR57m in 2QFY19 due to lower other income and higher depreciation/interest. ARR increased 4.9% YoY to INR4,133 in 2QFY20; occupancy declined 350bp YoY to 74.8%. However, on a same-hotel basis, ARR was up 2.9% YoY, while occupancy was constant at 78.2%. Despite 19% revenue growth, like-to-like EBITDA (adjusted for Ind-AS) was up only 12% YoY as the recently commenced hotels are yet to stabilize and incurred additional cost amounting to INR22m (of which INR8m is non- recurring expense relating to training of employees, while the balance is attributed to wage increase and provident fund). During the quarter, although ARR of new hotels was higher (by 15%) than the old hotels, occupancy at the former was relatively low at 58.8%, restricting overall EBITDA growth.

Lemon Tree Hotels Ltd. has an average target of 168.50 from 7 brokers.

Lemon Tree Hotels Ltd.

03 Nov 2019

154.58

-0.27%

Lemon Tree Hotels to add 3 Aurika Hotels and Resorts by 2021-end

livemint

Lemon Tree Hotels has recently marked its entry into Udaipur, with its first hotel under the Aurika Hotels and Resorts brand.The company plans to re-brand its existing Lemon Tree Premier in Corbett to Aurika, Corbett

Lemon Tree Hotels Ltd. has an average target of 168.50 from 7 brokers.

Lemon Tree Hotels Ltd.

01 Nov 2019

154.58

-0.27%

Recipe for growth: Don't bet everything you have, says Lemon Tree's Keswani

Business Standard

The fast-talking Keswani tells Pavan Lall what he learnt from former boss Russi Mody, how he was let down by a private equity investor and why he launched an upscale hotel in Udaipur

Lemon Tree Hotels Ltd. has gained 15.85% in the last 1 Month

Lemon Tree Hotels Ltd.

23 Oct 2019

154.58

-0.27%

Lemon Tree to complete Keys Hotels buy by Dec

Business Line

Mid-range brand Lemon Tree Hotels is looking to complete the acquisition of Keys Hotels in India by December this year.Sumant Jaidka, Senior Vice Pr

Number of FII/FPI investors increased from 208 to 236 in Jun 2025 qtr.

Lemon Tree Hotels Ltd.

25 Sep 2019

154.58

-0.27%

Deals Buzz: Virtuous Retail acquires three malls for $500 million

livemint

In other news, American private equity major Warburg Pincus has completely exited its 13 year old investment in hospitality comp Lemon Tree Hotels Ltd

Lemon Tree Hotels Ltd. has gained 15.85% in the last 1 Month

Warburg Pincus exits 13-year-old Lemon Tree Hotels investment

livemint | 25 Sep 2019

Lemon Tree Hotels Ltd.

13 Sep 2019

154.58

-0.27%

Takeaways from Lemon Tree meet: Capex cycle to take 3 years, no hit on Ebitda

livemint

Lemon Tree plans to take the total room count to 8,800 across 87 hotels by calendar year 2021.The expansion will fetch the company additional revenues