Is Lemon Tree Hotels a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Lemon Tree Hotels Ltd is a below average quality company .

Is Lemon Tree Hotels undervalued or overvalued?

The key valuation ratios of Lemon Tree Hotels Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Lemon Tree Hotels share price return in the past 10 years?

Data is not available for this company

Is Lemon Tree Hotels a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Lemon Tree Hotels Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Lemon Tree Hotels Ltd - Stock Valuation and Financial Performance

Name: Lemon Tree Hotels
Brand: Lemon Tree Hotels

BSE: 541233 | NSE: LEMONTREE | Hotel, Resort & Restaurants | Small Cap

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Lemon Tree Hotels Share Price

₹123.20 1.60 1.32%
as on 21-Nov'24 16:59

10 Year X-Ray of Lemon Tree Hotels:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	1.2%	4.1%	5.4%	6.4%	7.4%	7.2%	-1.1%	1.4%	14.1%	15.6%	-
Value Creation Index ⓘ	-0.9	-0.7	-0.6	-0.5	-0.5	-0.5	-1.1	-0.9	0.0	0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	290	368	412	484	550	669	252	402	875	1,071	1,168
Sales YoY Gr.	-	26.7%	12%	17.5%	13.5%	21.8%	-62.4%	59.8%	117.5%	22.4%	-
Adj EPS ⓘ	-0.8	-0.3	-0.1	0.1	0.6	-0.2	-2.4	-1.1	1.4	1.9	1.9
YoY Gr.	-	NA	NA	NA	425%	-131.8%	NA	NA	NA	30.6%	-
BVPS (₹) ⓘ	10.5	10.6	7.7	7.9	8.8	12.4	11.6	10.5	10.8	12.2	12.8
Adj Net Profit ⓘ	-65.2	-24.7	-10.3	9.6	50.1	-15.6	-187	-87.7	114	149	152
Cash Flow from Ops. ⓘ	-50.4	63.1	122	115	187	151	41	135	385	465	-
Debt/CF from Ops. ⓘ	-11.5	10	6.6	8.8	6.4	10.3	41.1	12.6	4.5	4.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	15.6%	14.3%	62.1%	22.4%
Adj EPS ⓘ	NA	24.4%	NA	30.6%
BVPSⓘ	1.7%	6.8%	1.7%	13.3%
Share Price	-	15.9%	30.8%	6.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	-8	-3	-1.3	1.2	5.9	-1.7	-19.6	-10	13.5	16.4	15.3
Op. Profit Mgn % ⓘ	19.6	28.6	28.3	28.1	30.7	36.4	24.3	29.6	51.2	48.9	47.7
Net Profit Mgn % ⓘ	-24.3	-6.1	-2.2	2.1	9.1	-2.3	-74.1	-34.2	16	17	13
Debt to Equity ⓘ	0.7	0.8	1.3	1.6	1.7	1.6	1.8	2	2	2	1.6
Working Cap Days ⓘ	497	485	328	160	149	120	288	169	84	83	31
Cash Conv. Cycle ⓘ	-42	-46	-46	-50	-49	-38	-48	-46	-32	-27	-24

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.30%

Sales growth is growing at healthy rate in last 3 years 62.05%

Debt to equity has declined versus last 3 years average to 1.95

Sales growth is good in last 4 quarters at 24.16%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Lemon Tree Hotels Ltd.

	Standalone	Consolidated
TTM EPS (₹)	1.3	1.9
TTM Sales (₹ Cr.)	374	1,168
BVPS (₹.) ⓘ	15.1	12.8
Reserves (₹ Cr.) ⓘ	401	224
P/BV ⓘ	8.08	9.48
PE ⓘ	91.56	63.45

From the Market
52 Week Low / High (₹)	112.05 / 158.05
All Time Low / High (₹)	13.80 / 158.05
Market Cap (₹ Cr.)	9,634
Equity (₹ Cr.)	792.3
Face Value (₹)	10
Industry PE ⓘ	62

Management X-Ray of Lemon Tree Hotels:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

14.72

11.88

6.43

6.44

3.33

3.34

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Lemon Tree Hotels

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Lemon Tree Hotels

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	290	368	412	484	550	669	252	402	875	1,071
Operating Expenses ⓘ	234	263	296	348	381	426	190	284	427	548
Manufacturing Costs	67	76	105	94	103	114	51	77	128	162
Material Costs	28	35	35	44	50	57	18	28	50	63
Employee Cost	77	84	97	110	121	155	70	97	150	188
Other Costs ⓘ	61	68	58	101	108	100	51	82	100	135
Operating Profit ⓘ	57	105	116	136	169	243	61	119	448	523
Operating Profit Margin (%)	19.5%	28.4%	28.3%	28.1%	30.7%	36.4%	24.3%	29.5%	51.2%	48.8%
Other Income ⓘ	11	6	12	13	15	11	22	21	9	12
Interest ⓘ	73	72	78	78	85	162	190	181	182	208
Depreciation ⓘ	52	52	51	53	54	92	108	104	97	112
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	-57	-14	0	18	45	-2	-219	-145	178	216
Tax ⓘ	9	7	5	4	-11	11	-32	-7	38	34
Profit After Tax	-65	-21	-5	15	56	-13	-187	-137	141	182
PAT Margin (%)	-22.6%	-5.6%	-1.2%	3.0%	10.3%	-2.0%	-74.1%	-34.1%	16.1%	17.0%
Adjusted EPS (₹)	-0.8	-0.3	-0.1	0.2	0.7	-0.2	-2.4	-1.1	1.5	1.9
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	822	828	806	812	875	989	918	831	854	967
Share Capital ⓘ	776	778	781	786	789	790	790	791	792	792
Reserves ⓘ	45	50	25	26	86	199	127	40	62	175
Minority Interest	428	434	428	429	432	556	617	568	560	580
Debt	559	601	758	967	1,136	1,510	1,573	1,589	1,575	1,679
Long Term Debt	492	532	691	931	1,135	1,451	1,514	1,553	1,517	1,677
Short Term Debt	67	69	67	36	1	60	60	35	58	3
Trade Payables	39	60	60	81	96	84	77	59	67	86
Others Liabilities ⓘ	67	110	159	169	213	619	593	543	641	686
Total Liabilities ⓘ	1,915	2,033	2,212	2,458	2,751	3,758	3,778	3,589	3,696	3,997
Fixed Assets
Gross Block	1,410	1,456	1,516	1,609	1,806	3,582	3,740	3,704	3,715	4,512
Accumulated Depreciation	173	224	100	151	205	278	548	654	760	872
Net Fixed Assetsⓘ	1,236	1,232	1,416	1,457	1,601	3,305	3,192	3,049	2,956	3,639
CWIP ⓘ	166	248	351	559	664	190	242	297	482	25
Investmentsⓘ	30	6	6	15	35	14	6	10	6	13
Inventories	5	5	5	5	6	8	7	8	11	14
Trade Receivables	18	24	31	53	84	50	31	29	56	71
Cash Equivalents	30	14	18	21	31	41	141	54	27	54
Others Assetsⓘ	430	505	385	348	330	151	160	142	159	180
Total Assets ⓘ	1,915	2,033	2,212	2,458	2,751	3,758	3,778	3,589	3,696	3,997

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-50	63	122	115	187	151	41	135	385	465
PBT ⓘ	-57	-14	0	18	45	-2	-219	-145	178	216
Adjustment ⓘ	112	118	117	123	130	251	283	279	268	307
Changes in Working Capital ⓘ	-90	-30	9	-24	25	-97	-32	3	-41	-22
Tax Paid ⓘ	-15	-11	-4	-3	-13	-1	10	-2	-21	-36
Cash Flow From Investing Activity ⓘ	-160	-86	-229	-260	-289	-608	-66	-45	-283	-397
Capex	-173	-114	-230	-236	-271	-632	-64	-67	-162	-331
Net Investments	18	27	0	-8	-19	21	-9	13	1	-24
Others ⓘ	-5	1	1	-16	1	3	8	8	-122	-42
Cash Flow From Financing Activityⓘ	168	6	111	149	113	457	111	-163	-132	-59
Net Proceeds from Shares ⓘ	9	3	5	11	6	2	0	1	2	1
Net Proceeds from Borrowing ⓘ	29	39	176	244	219	215	60	37	25	197
Interest Paid ⓘ	-68	-67	-67	-74	-78	-114	-97	-140	-143	-162
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	198	32	-2	-32	-34	353	148	-61	-16	-94
Net Cash Flow ⓘ	-42	-16	4	3	10	-1	87	-73	-31	10

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	-8.03	-2.52	-0.72	2.38	8.57	-1.56	-19.63	-15.71	16.68	19.96
ROCE (%)	1.16	4.12	5.41	6.37	7.37	7.2	-1.1	1.42	14.06	15.56
Asset Turnover Ratio	0.16	0.19	0.19	0.21	0.21	0.21	0.07	0.11	0.24	0.28
PAT to CFO Conversion(x)	N/A	N/A	N/A	7.67	3.34	N/A	N/A	N/A	2.73	2.55
Working Capital Days
Receivable Days	21	21	25	32	45	37	59	27	18	22
Inventory Days	6	5	5	4	4	4	11	7	4	4
Payable Days	548	517	620	593	648	577	1,653	891	458	444

Lemon Tree Hotels Ltd Stock News

Lemon Tree Hotels Ltd FAQs

What is the share price of Lemon Tree Hotels?

Company share prices are keep on changing according to the market conditions. The closing price of Lemon Tree Hotels on 21-Nov-2024 16:59 is ₹123.2.

What is the market cap of Lemon Tree Hotels?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Lemon Tree Hotels stood at ₹9,633.7.

What is the P/E ratio of Lemon Tree Hotels?

The latest P/E ratio of Lemon Tree Hotels as of 21-Nov-2024 16:59 is 91.56.

What is the P/B ratio of Lemon Tree Hotels?

The latest P/B ratio of Lemon Tree Hotels as of 21-Nov-2024 16:59 is 8.08.

What is the 52-week high and low of Lemon Tree Hotels?

The 52-week high of Lemon Tree Hotels is ₹158.1 and the 52-week low is ₹112.0.

What is the TTM revenue of Lemon Tree Hotels?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Lemon Tree Hotels is ₹374.2 ( Cr.) .

About Lemon Tree Hotels Ltd

The company was incorporated as “P.M.G Hotels Private Limited” on June 2, 1992, as a private limited company under the Companies Act 1956, at New Delhi, with a certificate of incorporation granted by the RoC. Pursuant to a resolution of its shareholders dated December 13, 2002, the name of the company was changed to “Krizm Hotels Private Limited” and a fresh certificate of incorporation dated January 7, 2003 was issued by the RoC. Further, pursuant to a resolution of its shareholders dated June 2, 2010, the name of the company was changed to “Lemon Tree Hotels Private Limited” and a fresh certificate of incorporation consequent to change in name was issued by the RoC on June 10, 2010. On the conversion of the company to a public limited company pursuant to a resolution passed by its shareholders on September 29, 2012, its name was changed to “Lemon Tree Hotels Limited” and a fresh certificate of incorporation dated October 22, 2012 was issued by the RoC.

Lemon Tree Hotels Limited (LTH) is India’s largest hotel chain in the mid-priced hotel sector. 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. LTH opened its first hotel with 49 rooms in May 2004 (including Keys hotels) across many cities under its various brands viz. Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox Hotels, Keys Prima, Keys Select and Keys Lite.

Lemon Tree Hotels, including Keys Hotels, are located across India, in metro regions, including the NCR, Bengaluru, Hyderabad, Mumbai, Kolkata and Chennai, as well as tier I and tier II cities such as Pune, Ahmedabad, Chandigarh, Jaipur, Indore, Aurangabad, Udaipur, Vishakhapatnam, Kochi, Ludhiana, Thiruvananthapuram and Vijayawada. The company expanded internationally with the launch of the hotel in Dubai in December 2019 and Bhutan in February 2020. New hotels are also opening internationally in Nepal.

Business area of the company

Lemon Tree Hotels is engaged to carry out business of developing, owning, acquiring, operating, managing, renovating and promoting hotels, motels, resorts, restaurants, etc. under the brand name of Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima and Keys Lite.

Brands

Aurika Hotels and Resorts
Lemon Tree Premier
Lemon Tree Hotels
Red Fox Hotels
Keys Prima
Keys Select
Keys Lite

Awards

2010

The NCPEDP (National Center for Promotion of Employment for Disabled People, a non-profit organization working as an interface between government, industry, international agencies and the voluntary sector) Shell Helen Keller Award, 2010 for exemplary beliefs and practices in employing Differently Enabled People.
SATTE 2010, Hotelier for ‘Best Mid Market Developer’.
FHRAI (The Federation of Hotels and Restaurant Associations of India) Hall of Fame Award, 2010.
Lemon Tree Hotel, Hinjawadi: Winner of TripAdvisor’s Traveler’s Choice 2010 Awards: Top 10 in Service among 8000 Indian hotels.
Times Food & Nightlife Awards 2010: Best Pan Asian restaurant in North Goa awarded to Republic of Noodles at Lemon Tree Amarante Beach Resort, Goa.

2011

Ministry of Social Justice and Empowerment, Government of India: Best Employer - National Award, 2011.
Ranked in the Top 100 in the 2011 study of Best Companies to Work For by the Great Place to Work Institute& the Economic Times.
Winner of Excellence Honours for ‘Best Mid Range Hotel’ by Times Travel Academy, 2011.
7 Lemon Tree Hotels have been awarded TripAdvisor’s Certificate of Excellence.
4 Lemon Tree Hotels rank 1 on TripAdvisor in their respective cities.
4 Lemon Tree Hotels are Expedia Insider’s Select Hotels (top 1% of 90,000 hotels globally, of which only 11 hotels were selected in India).
Times Food & Nightlife Awards 2011: Best Pan Asian restaurant in North Goa awarded to Republic of Noodles at Lemon Tree Amarante Beach Resort, Goa.
Republic of Noodles at Lemon Tree Amarante beach Resort, Goa awarded one of Asia's finest restaurants by The Miele Guide, a regional guide book to restaurants in Asia.
MphasiS Universal Design Award, 2011: The NCPEDP (National Center for Promotion of Employment for Disabled People).

2012

Ministry of Social Justice and Empowerment, Government of India National Award: Outstanding Work in the Creation of a Barrier-free Environment for Persons with Disabilities, 2012; Best Employer 2011
Ranked in the Top 50 large organizations (>1000 employees) in the 2012 study of Best Companies to Work For by the Great Place to Work Institute & the Economic Times.
15 hotels across the three brands were awarded TripAdvisor’s Certificate of Excellence 2012.
Lemon Tree Amarante Beach Resort, Goa awarded Expedia Insiders’ Select, 2012 (top 1% of 114,000 hotels globally).
Lemon Tree Hotel, Indore awarded ‘Top 25 Bargain Hotels in India’ 2012 by TripAdvisor’s Travelers’Choice.
Red Fox Hotel, Jaipur awarded ‘Top 25 Trendiest Hotels in India’ 2012 by TripAdvisor’s Travelers’ Choice.
CNBC AWAAZ Travel Awards 2012 ‘Best Budget Hotel’ awarded to Lemon Tree Vembanad Lake Resort,Muhamma-West of Kumarakom, Kerala
Outlook Traveller Readers’ Choice Award 2012 for Best Mid-range Hotel in India.
MakeMyTrip.com’s Platinum Pick Partner Awards 2012 to 8 hotels under the Lemon Tree Premier, Lemon Tree Hotels and Red Fox Hotels brands.
NCPEDP (National Center for Promotion of Employment for Disabled People)-Shell Helen Keller Award 2012:Category C: Role Model Organizations,for the work towards promoting employment opportunities for people with disabilities.
NCPEDP-Shell Helen Keller Award 2012: Category B: Role Model Non-Disabled Individuals, for your work towards promoting employment opportunities for people with disabilities.
Svayam Accessibility and Universal Design Award, 2012.

2013

Ranked 67 in the Top 100 Great Places to Work For 2013.
AajTak Care Awards 2013 for CSR (Corporate Social Responsibility) in the Empowerment category. This award is for Employees with Disabilities (EWDs) initiative.
16 hotels out of 19 operating hotels awarded TripAdvisor’s Certificate of Excellence 2013:
Lemon Tree Premier: Bangalore, Gurgaon, Hyderabad and Jaipur.
Republic of Noodles, Goa.
Lemon Tree Hotels selected amongst the top two brands of Best Hotel For Value in the Lonely Planet Travel Awards 2013.
‘India Says Yes’ certificate for ‘Awesome Food’: Lemon Tree Hotel Aurangabad, Kerala.
‘India Says Yes’ certificate for ‘Excellent Service’: Lemon Tree Hotel Aurangabad, Goa.
HICSA 2013 Best New Hotel of the Year: Mid-market Segment - Lemon Tree Hotel, Chandigarh.

2014

Cornell University Exemplary Practice Award 2014 for Lemon Tree Hotels’ companywide inclusion program and initiative of hiring and supporting People with Disabilities
Ranked #86 in the Top 100 Great Places to Work For 2014
National Tourism Award 2012-13: Best Classified hotel under 2 Star Category - Red Fox Hotel, East Delhi
Nipman Foundation ‘Equal opportunity Award’ 2014
MakeMyTrip Platinum Pick Award 2014
Lemon Tree Premier, Ulsoor Lake, Bangalore
Lemon Tree Amarante Beach Resort, Goa
Lemon Tree Hotel, Aurangabad
Lemon Tree Hotel, Dehradun
Red Fox Hotel, Hyderabad
Lemon Tree Hotels conferred the Booking.com's Awards of Excellence 2014 for Rate Parity
Bookings.com Guest Review Award for Excellence 2014
Lemon Tree Amarante Beach Resort, Goa
Lemon Tree Hotel, Chandigarh
Lemon Tree Hotel, Indore
Cleartrip Featured Hotel Award 2014-15
Mouthshut People’s Choice Award 2014-15
Republic of Noodles: Lemon Tree Premier, Jaipur ‘I Ate Here Award’
Times Food Award 2014: Best pan-Asian restaurant awarded to Republic of Noodles at Lemon Tree Premier,Ulsoor Lake, Bangalore
Best Budget Hotel Award at CNBC AWAAZ Travel Awards 2014: Lemon Tree Vembanad Lake Resort, Muhamma
Goa Food & Hospitality Awards: Best Hotel – Mid market Lemon Tree Amarante Beach Resort, Goa
Certificate of Merit, National Energy Conservation Award 2014, to Red Fox Hotel, Hyderabad by Ministry of Power Government of India
HDFC Bank Award for best hospitality services in the ‘business class’ segment
Dainik Bhaskar Readers Choice Award 2014 for the most popular hotel in the North Area of the city- Lemon Tree Premier, Jaipur

2015

Asian Human Capital Award 2015 for Innovative and Impactful People Practices by Ministry of Manpower, Singapore and the Human Capital Leadership Institute.
Ranked #30 in the Top 50 Great Places to Work For 2015
Ranked #2 Best Company in India with Unique Initiative/ Programme 2015
HICAP Sustainable Hotel Award 2015 in Sustainable Communities category
NASSCOM Award for Social Innovation in corporate (responsible business) category for a hotel chain creating visual aids and sign language for its differently-abled employees
18 hotels out of 26 hotels awarded TripAdvisor’s Certificate of Excellence 2015:
Lemon Tree Premier: Ahmedabad, Gurgaon, Hyderabad, New Delhi
Lemon Tree Hotel: Aurangabad, Bangalore - Electronics City and Whitefield, Chandigarh, Chennai, East Delhi, Gurgaon-Udyog Vihar, Indore, Muhamma (Kerala), Pune
Red Fox Hotel East Delhi, Hyderabad, Jaipur, New Delhi
Republic of Noodles Bangalore - Ulsoor Lake & Electronic City, Goa, Hyderabad- Hitech City
Times Food Award 2015: Best pan-Asian restaurant awarded to Republic of Noodles
Lemon Tree Premier, HITEC City, Hyderabad
Lemon Tree Premier, Ulsoor Lake, Bangalore
BW Hotelier HR Excellence Award 2015 for being an equal opportunity employer
CNBC AWAAZ Travel Awards 2015(in association with Chattisgarh Tourism) ‘Best Budget Hotel’ awarded to Lemon Tree Vembanad Lake Resort, Muhamma, Kerala
Groupon’s Golden Spoon Award 2015: Citrus Café, Lemon Tree Premier, Delhi Airport
Zomato Users Choice Award 2015: Slounge, Lemon Tree Premier, Jaipur

2016

Ministry of Social Justice and Empowerment, Government of India: Best Employer – National Award, 2016. Award received from the President of India
Ranked 9 Best Company in India by Great Places to Work For Institute 2016
Ranked the Best Company in India for Workplace Culture Transformation 2016
Overall Winners World Responsible Tourism Award 2016 at WTM, London
Gold Winner-'Best Accommodation for Responsible Employment' category’ 2016,WTM, London
HR Innovation Award for Excellence in Diversity and Inclusion,2016
BW Hotelier Editor’s Choice Award 2016 for being an equal opportunity employer
Franchise India 9th Annual Estate Awards: Best Budget Hotel of the Year
TripAdvisor Hall of Fame: Republic of Noodles Lemon Tree Amarante Beach Resort, Goa.
19 hotels out of 29 hotels awarded TripAdvisor’s Certificate of Excellence 2016:
Lemon Tree Hotel Ahmedabad, Aurangabad, Bangalore - Electronics City and Whitefield, Chennai- Shimona, Dehradun, East Delhi, Gurgaon-Udyog Vihar, Hyderabad- Gachibowli, Indore, Muhamma (Kerala)
Red Fox Hotel East Delhi, Hyderabad, Jaipur, New Delhi.
Republic of Noodles Bangalore - Ulsoor Lake & Electronic City Goa Hyderabad- Hitech City
16 hotels awarded Holiday IQ’s Better Holiday Award 2016:
Lemon Tree Premier: Bangalore Hyderabad Jaipur
Lemon Tree Smiles adjudged the Best Loyalty Program at the 9th Loyalty Awards Summit by AIMIA.

2017

Ranked 4 Best Company in India by Great Places to Work For Institute 2017
Ranked 19 Best Company in Asia by Great Places to Work For Institute 2017
Recognition for being among the best in the industry – Hotels & Resorts, 2017
Recognition for being among the best in the Special Category – Employer Branding, 2017; Utilizing Analytics to Drive Great Place to Work Initiative, 2017
NCPEDP Hellen Keler Award 2017 for Role Model Companies
Dr. Anji Reddy Memorial Award for Model Employer for Persons With Disabilities 2017
23 hotels out of 33 operating hotels(over 1 year) awarded TripAdvisor’s Certificate of Excellence 2017
Holiday IQ- Better Holiday Awards 2017 for being voted India’s Favourite Hotel Chain
BML Munjal Awards 2017: Runner-Up: Business Excellence through Learning and Development
People Matters Talent Acquisition League 2017:’ Best in Diversity’ Award
People Matters Total Rewards 2017: 'Best in Building Career' Award

2018

Green Champion Award 2018 under the category ‘Organization Leading the Green Building Movement in India (Commercial)’ during 5th Green Champion Award 2018 organised by IBGC (a part of CII formed in 2001)
Best 3 Star Hotel Award Category during National Tourism Award 2016-17
Ranked 12th amongst the Best Large Workplaces in Asia by the Great Place To Work Survey, 2018
Financial Times ArcelorMittal Boldness in Business Award for Corporate Responsibility/ Environment
Amity Leadership Awards for Business Excellence by Leveraging IT, 2018 by Amity School of Science and Technology
Customer Loyalty Awards for the category of 'Best Loyalty Program in Services Sector” 2018
26 hotels out of 41 operating hotels(over 1 year) awarded TripAdvisor’s Certificate of Excellence 2018
Lemon Tree Premier Ahmedabad ,Gurugram- Leisure Valley-1 & 2, City Center , Jaipur
Lemon Tree Hotel Baddi, Bangalore – Electronics City, Bandhavgarh, Chandigarh, Chennai- Shimona, Dehradun, East Delhi, Goa- Candolim, Hyderabad- Gachibowli, Indore, Katra, Pune, Muhamma (Kerala) , Manesar, Srinagar, Vadodara
Red Fox Hotel Bhiwadi, Chandigarh, East Delhi, Jaipur, Trichy

2019

Investing in People Award during Tourism For Tomorrow Awards 2019 organized by World Travel & Tourism Council in Seville, Spain.
Best Differently Abled Friendly Hotel at FICCI Travel & Tourism Excellence Awards 2019.
Best 3 star Hotel at FICCI Travel & Tourism Excellence Awards 2019.
Awarded BW Pure: Purpose-Led Brand Award 2019
Won IT Excellence Award by The Indian Express group.
Felicitated by Schneider Electric with the 'Best Responsive Award'.
Amity Corporate Excellence Awards for Best CSR Practices, 2019 by Amity School of Science and Technology
47 hotels out of 55 operating hotels (over 1 year) awarded TripAdvisor’s Certificate of Excellence 2019

2020

Awarded GO-MMT Travellers Choice Award

Major Events and Milestones

2004: Opened the first “Lemon Tree Hotel” in Gurugram, Haryana, India.
2006: Investment by Maplewood.
2008: Investment by Citron.
2009: Opened the first “Red Fox” hotel in Jaipur, Rajasthan.
2010: Opened the first “Lemon Tree Premier” hotel in Leisure Valley, Gurugram, Haryana, India.
2012: Investment by APG commenced the business of management of hotels, through Subsidiary, Carnation.
2018: Signed a Joint venture with Warburg Pincus for a student housing/co living platform - Hamstede Living Private Limited
2019: Acquired Berggruen Hotels Private Limited, 4th largest mid-market hotel chain in India, operating under three brands - keys Prima Hotels, Keys Select Hotels, Keys Lite Hotels.
2020: Launched Lemon Tree Hotel in Rishikesh, Uttarakhand.
2021: Lemon Tree Hotels, through its management subsidiary Carnation Hotels Pvt. Ltd., opened the 68 key hotel-Lemon Tree Hotel in Aligarh, Uttar Pradesh.