Lemon Tree Hotels Ltd will be in focus today after the company announced the signing of two new properties post market hours on Friday, 21 March 2025. The company has entered into license agreements for two new hotels under the brand “Keys Select by Lemon Tree Hotels”—one in Vrindavan, Uttar Pradesh and the other in Navsari, Gujarat.
The Vrindavan property is expected to open in FY26 and will feature 54 rooms along with a restaurant, banquet hall, meeting room, swimming pool, spa, and fitness centre. Strategically located with good road and rail connectivity, the hotel is also in close proximity to both Indira Gandhi International Airport and the upcoming Jewar International Airport.
The Navsari property, also comprising 54 rooms, is scheduled for launch in FY28. It will offer similar amenities and is well-connected via Surat International Airport and Navsari Railway Station. Both properties will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels.
This development signals the company’s continued expansion in key religious and business destinations across India. Investors may keep the stock on their radar as the news could influence market sentiment when trading resumes today.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult your financial advisor before making any investment decisions.
