Lemon Tree Hotels Limited CC-Dec23.pdf · 2024-02-08
Sir, if my understanding is right, I believe Aurika, Mumbai resides in Fleur, but if I look at the management fee received from Fleur hotels in this quarter, it is up by just 8% despite our Mumbai Hotel starting operations and registering an occupancy of 40%. Is there anything which I'm missing out over here in this 8% growth number?
Yes, Sir. Sir, my second question pertains to bookkeeping now. If I look at our finance cost, it has gone up sequentially to about Rs.53 crore. So, has there been any change in debt levels or does it pertain to that lease accounting standard which you mentioned in the opening commentary?