Lemon Tree Hotels has announced the mutual termination of its Hotel Operating Agreement and License Agreement concerning the Lemon Tree Hotel, Tarudhan Valley, Manesar. The agreements, originally executed on 28 July 2015, were between M/s. Coronet Hotel Services and Supplies Pvt. Ltd. (Owner), M/s. Carnation Hotels Pvt. Ltd. (Operator), and Lemon Tree Hotels.
The company clarified that the termination of these agreements will not have any significant financial impact on its operations. The decision to end the agreements was made collectively by all parties involved.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).