Lemon Tree - Scaling New Heights: Motilal Oswal

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Lemon Tree Hotels Ltd. is expected to benefit from the changing dynamics in its key markets such as National Capital Region (~24%/17% of FY23/FY26E consol. Revenue as per our estimates) and Mumbai (excluding Aurika Sky City, ~10% in FY23 and 29% in FY26E including Aurika MIAL).Rising demand in these cities (which is accelerated by significant traction from new convention centers) and slower supply (~2-6% compound annual growth rate over FY23-28E) should propel the growth trajectory of existing players..Aurika Sky City Mumbai, which is positioned as an upper upscale hotel, will be a key beneficiary of the trickling down of demand from the luxury segment. The hotel is expected to contribute to ~21%/23% of consolidated revenue/Ebitda by FY26..Lemon Tree has a strong pipeline of ~3,354 managed rooms (~91% of operational managed rooms), which are expected to become operational by FY27, taking the share of managed rooms to ~55%. We expect Lemon Tree to clock management fees of Rs 943 million by FY26 (~38% CAGR over FY23-26E)..Click on the attachment to read the full report:.Gautam Adani Says 'Most Challenging' Year Ends In A Position Of 'Unprecedented Strength'.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Lemon Tree - Scaling New Heights: Motilal Oswal

Lemon Tree Hotels Ltd. has a strong pipeline of ~3,423 rooms (~36% of the total operational rooms), comprising mainly of ~3,354 managed rooms (~91% of the operational managed rooms).

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