Questions across 3 calls

Nikhil Poptani

Kizuna Wealth

Lemon Tree Hotels Limited

Lemon Tree Hotels Limited CC-Jun26.pdf · 2026-05-29

My first question is on margin side, like for the Lemon Tree Hotels and the Fleur Hotels, so when I look at our cost savings that we are estimating is going forward, so most of the cost saving is coming from the renovation expense coming down. All the flow through in the margins will go to Fleur Hotels. Is that understanding, correct? Sir, how much steady-state margin in FY27 - FY28 margin, how much are we thinking for the Fleur Hotels?

During the January call for the demerger announcement, we said that Lemon Tree Hotels' PAT margin would be around 60%.

Lemon Tree Hotels Limited CC-Feb26.pdf · 2026-02-10

Sir, I just wanted to ask like when you are targeting greenfield, brownfield expansion or acquisition targets, so in which micro markets are we going to target those acquisition or expansion? That is my first question, sir.

Is it fair to assume that we can go ahead and see acquisitions like in Varanasi that we did and when there is a leisure type of portfolio that we will buildout somewhere something like that?

Lemon Tree Hotels Limited CC-Jun25.pdf · 2025-08-11

Hi, sir. Thank you for giving me the opportunity and congratulations on a good set of numbers. Sir, my first question is, like, how much debt are we targeting to reduce this year?

Okay, sir. That is great to hear. And so, when we are transferring our assets to Fleur, will there be any kind of consideration on cash basis or any kind of stock, our percentage of shareholding increases in Fleur?