Lemon Tree Hotels | Business Upturn

Lemon Tree Hotels terminates service agreement over unpaid fees

Yash Agarwal — Wed, 06 May 2026 15:48:19 +0000

Lemon Tree Hotels has announced the termination of its Master Service Agreement (MSA) with Berggruen Hotels Private Limited (BHPL), a material subsidiary of the company. The agreement, initially executed on 23 May 2010, involved CS Hospitality & Management Services Private Limited, Green Apple Hotels & Resorts Private Limited, and Nestor Hotels Private Limited. The decision to terminate the agreement was made due to the non-payment of outstanding management fees and deposit amounts as stipulated in the MSA.

The agreement covered operations under the brand name ‘Keys Select Hotel Nestor by Lemon Tree.’ Despite the termination, Lemon Tree Hotels has stated that there will be no significant financial impact on the company resulting from this decision.

The company has requested that the information be taken on record by the relevant authorities.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Lemon Tree Hotels signs new property in Ahilyanagar, marking 30th in Maharashtra

Yash Agarwal — Tue, 05 May 2026 17:04:24 +0000

Lemon Tree Hotels Limited, India’s largest mid-priced hotel chain, has announced the signing of a new property, Lemon Tree Hotel, Ahilyanagar, in Maharashtra. This development marks an important milestone for the company, bringing its total portfolio in the state to 30 properties, which includes 15 operational hotels and 15 in the pipeline. The hotel will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited.

The expansion into Ahilyanagar highlights Lemon Tree Hotels’ commitment to Maharashtra as a key area for growth. Ahilyanagar is recognised for its dual identity as a hub for corporate and defence-related travel, as well as a transit gateway within Maharashtra. The new hotel will cater to both business professionals and travellers heading to pilgrimage destinations like Shirdi and Shani Shingnapur.

The upcoming property will feature 95 well-appointed rooms, a restaurant, banquet hall, meeting room, and other recreational amenities including a swimming pool, spa, and fitness centre. The hotel is strategically located approximately 8 km from Ahilyanagar Railway Station and 119 km from Pune International Airport, offering convenient access for travellers.

Mr. Vishvapreet Cheema, President of Lemon Tree Hotels Ltd., commented on the signing, stating, “Reaching the 30-property milestone in Maharashtra is a significant achievement for us. Ahilyanagar represents exactly the kind of high-potential regional hub where we see long-term value, a city that bridges the gap between industrial growth and the state’s massive spiritual tourism circuit. Our goal is to bring a new standard of branded hospitality to this route, ensuring a seamless and refreshingly different experience for every guest.”

Lemon Tree Hotels continues to expand its portfolio, aligning with evolving travel patterns across business and emerging destinations in India. The company operates over 130 hotels across more than 80 cities in India and abroad, with a growing pipeline of 130+ upcoming properties.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Lemon Tree Hotels opens third hotel in Nepal with Lemon Tree Premier, Biratnagar

Business Desk — Thu, 30 Apr 2026 15:39:16 +0000

Lemon Tree Hotels Limited has announced the opening of Lemon Tree Premier in Biratnagar, Nepal, marking the company’s third operational hotel in the country. This strategic expansion underscores the brand’s commitment to increasing its presence in high-potential neighbouring markets.

Located in Biratnagar, the bustling capital of Nepal’s Koshi Province, the new hotel is strategically positioned in one of the country’s most important industrial and commercial hubs. Known as the gateway to Eastern Nepal, Biratnagar offers access to prominent tourist and pilgrimage destinations such as Koshi Tappu Wildlife Reserve and Baraha Kshetra. The hotel is conveniently situated just 3.5 km from Biratnagar Airport, ensuring seamless connectivity for both domestic and international travellers.

The Lemon Tree Premier, Biratnagar features 80 well-appointed rooms and suites designed for the modern executive. It introduces acclaimed dining destinations to the city, including Republic of Noodles, the brand’s signature Pan-Asian restaurant, along with Citrus Café, Slounge, and a Tea Lounge, creating a new social centre for the local community and visitors alike.

For business and social engagements, the property houses expansive banquet and meeting facilities, including the Tangerine ballroom with a pre-function area and a well-equipped boardroom, making it an ideal destination for conferences, events, and celebrations. Recreational facilities include a rejuvenating spa, a well-equipped fitness centre, and a swimming pool, offering guests a holistic and relaxing stay experience.

Mr. Vishvapreet Singh Cheema, President of Lemon Tree Hotels Ltd., commented on the opening, stating, “Biratnagar has always been the heart of Nepal’s commerce, and its transformation into a modern regional gateway is a journey we are proud to be part of. As the city’s infrastructure and connectivity modernize, there is a clear need for hospitality that matches this ambition. By bringing Lemon Tree Premier to Biratnagar, we aren’t just opening a hotel; we are making a long-term commitment to the city’s growth. Our goal is to provide a trusted, high-quality home base that offers unparalleled services to both global travellers and the local business community in this vital hub.”

Lemon Tree Premier is an upscale brand within the Lemon Tree Hotels Ltd portfolio, offering a refined experience with generous room spaces, premium service and amenities, and award-winning dining.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Lemon Tree Hotels ends agreements for Manesar property with no financial impact

Business Desk — Thu, 30 Apr 2026 15:11:44 +0000

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).

Lemon Tree Hotels announces new properties in Raipur and Jalandhar

Kinjal — Wed, 22 Apr 2026 15:16:02 +0000

Lemon Tree Hotels Ltd., a prominent player in the Indian hospitality sector, has announced the signing of two new properties, Lemon Tree Premier in Raipur and Lemon Tree Hotel in Jalandhar. Both hotels will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited.

The Lemon Tree Premier in Raipur will feature 78 well-appointed rooms, designed with a contemporary aesthetic focused on comfort. The hotel will offer a multi-cuisine restaurant, banquet hall, conference room, swimming pool, spa, and fitness centre, ensuring a comprehensive guest experience. Conveniently located approximately 7 km from Swami Vivekananda Airport and 9 km from Raipur Railway Station, the property aims to cater to both business and leisure travellers.

In Jalandhar, the Lemon Tree Hotel will provide 60 well-appointed rooms, complemented by a restaurant, banquet hall, conference room, and recreational amenities including a swimming pool, spa, and fitness centre. The property is strategically located about 25 km from Adampur Airport and just 2 km from Jalandhar Cantt. Railway Station, facilitating seamless connectivity for guests.

Vishvapreet Singh Cheema, President of Lemon Tree Hotels Ltd., commented on the new signings, stating, “Raipur and Jalandhar represent two distinct but equally compelling growth stories within India’s evolving travel landscape. Raipur’s ascent as a key industrial and administrative centre is driving consistent, year-round demand, while Jalandhar’s manufacturing base and strong diaspora connections continue to drive high-frequency travel. These signings reflect our focus on strengthening our presence in markets where demand is both visible and enduring, anchored in the reliability and trust that define the Lemon Tree Hotels brand.”

This expansion highlights Lemon Tree Hotels’ strategic momentum in growing its portfolio across both emerging and established destinations, ensuring consistent, high-quality experiences for modern travellers.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Lemon Tree signs agreement for new hotel in Garudeshwar, Gujarat

Kinjal — Fri, 17 Apr 2026 14:21:47 +0000

Lemon Tree Hotels Limited, India’s largest mid-priced hotel chain, has announced the signing of a new property in Garudeshwar, Gujarat, marking its 32nd property in the state. This expansion underscores the company’s commitment to strengthening its presence in tourism and pilgrimage-driven markets.

The new hotel, Lemon Tree Hotel, Garudeshwar, will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels. The property will feature 90 well-appointed rooms, a restaurant, a banquet hall, a meeting room, and recreational amenities including a swimming pool, spa, and fitness centre.

Garudeshwar is emerging as a significant destination within Gujarat’s tourism ecosystem, benefiting from its proximity to key attractions such as the Statue of Unity and improving infrastructure. The hotel is strategically located with convenient access, being approximately 85 km from Vadodara International Airport and around 5 km from Ekta Nagar Railway Station.

Mr. Neelendra Singh, Managing Director of Lemon Tree Hotels Ltd., commented on the signing: “Destinations like Garudeshwar are emerging as important nodes within India’s expanding tourism and pilgrimage landscape, where increasing visitor flows are driving demand for quality, branded hospitality. Our focus has been to build presence in such locations, where we see sustained demand supported by strong travel circuits. This signing reflects that approach and allows us to further strengthen our presence in Gujarat.”

Lemon Tree Hotels continues to expand its portfolio, aligning with evolving travel patterns across tourism and pilgrimage destinations in India. The company operates over 130 hotels across 80 cities in India and abroad, with a growing pipeline of upcoming properties.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Lemon Tree Hotels reports 56 signings and 20 openings in FY 2025–26

Yash Agarwal — Mon, 13 Apr 2026 15:32:34 +0000

Lemon Tree Hotels Ltd., India‘s largest mid-priced hotel chain, has announced a significant expansion in its portfolio for the financial year 2025–26, with 56 new signings and 20 hotel openings. This development underscores the company’s commitment to a disciplined, asset-light growth strategy.

The company now boasts an operational portfolio of over 130 hotels, encompassing more than 11,000 keys across 80 destinations. This expansion is part of Lemon Tree Hotels‘ strategy to leverage a capital-efficient model, allowing for rapid scaling while ensuring operational consistency and strong partner alignment.

The growth was driven by a focus on high-growth urban markets, tier II and III cities, and emerging leisure destinations, reflecting a broader shift in travel demand across India. The company’s expansion includes pilgrimage destinations like Tirupati, Ayodhya, and Somnath, emerging leisure markets such as Malshej Ghat, Khurpatal, and Barog, and industrial hubs like Bhilai, Rudrapur, and Mhow. This diverse presence positions Lemon Tree Hotels to capture demand across various travel occasions, including religious, leisure, and commercial.

Neelendra Singh, Managing Director of Lemon Tree Hotels Ltd., emphasised the company’s mission to bridge a gap in India’s midscale hospitality sector by delivering reliable, branded experiences. He noted that as the market matures, the company’s growth focuses on expanding its core proposition across a wider geographic network, moving beyond the traditional six-city model to meet the needs of the Indian traveller.

The company’s development pipeline is well-diversified across its brand architecture. The Lemon Tree Hotels brand led the momentum with 27 signings, reinforcing its position as a scalable mid-market leader. This was complemented by 9 signings under Lemon Tree Premier, strengthening the company’s upper-midscale presence, while the Keys portfolio contributed 18 signings, reflecting sustained traction in value-driven segments. Selective additions under Aurika Hotels & Resorts and Lemon Tree Resort indicate a calibrated expansion into upscale and leisure-led destinations.

Operationally, the company demonstrated strong execution capability by opening 20 hotels during the year, with the Lemon Tree Hotels brand accounting for 12 of these openings. Lemon Tree Premier and Keys Lite each saw 3 openings, while Keys Select had 2. This consistent conversion of pipeline into operating assets strengthens the company’s presence across key commercial corridors and emerging travel circuits.

This sustained expansion highlights Lemon Tree Hotels’ ability to scale efficiently while maintaining brand integrity and operational rigor. With a strong and visible pipeline, a diversified brand portfolio, and a proven asset-light model, the company is well-positioned to deliver consistent, long-term growth in an evolving hospitality landscape.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Lemon Tree Hotels terminates agreements for Agartala property with no financial impact

Business Desk — Wed, 08 Apr 2026 14:31:07 +0000

Lemon Tree Hotels has announced the mutual termination of its Hotel Operating Agreement and License Agreement related to a proposed hotel in Agartala, Tripura. The agreements, initially executed on 18 March 2024, involved M/s. PRM Tirupati Pvt. Ltd. as the owner and M/s. Carnation Hotels Pvt. Ltd. as the operator.

The hotel was intended to operate under the Lemon Tree Hotel brand. However, as the property was not yet operational, the termination of these agreements will not have any financial impact on Lemon Tree Hotels.

The company has requested stakeholders to note the termination of these agreements, which were concluded amicably between the involved parties.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Lemon Tree Hotels receives CCI approval for equity acquisition and restructuring

Kinjal — Tue, 07 Apr 2026 15:32:32 +0000

Lemon Tree Hotels has received approval from the Competition Commission of India (CCI) for the acquisition of equity shares in Fleur Hotels Limited by Coastal Cedar Investments BV. The approval also covers the internal restructuring of the Lemon Tree Hotels group through amalgamation and demerger.

The CCI’s approval, communicated on 7 April 2026, marks a significant milestone for Lemon Tree Hotels as it moves forward with the proposed transactions. These transactions were initially disclosed in a prior intimation dated 9 January 2026.

The company is now set to proceed with the necessary steps to complete the transactions in compliance with applicable laws. However, the detailed order from the CCI is still awaited, which will provide further clarity on the terms and conditions of the approval.

This development is a crucial step towards the consummation of the proposed transactions, which aim to streamline the company’s operations and enhance its strategic positioning in the hospitality sector.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Lemon Tree Hotels expands with new property in Simara, Nepal

Yash Agarwal — Thu, 02 Apr 2026 16:37:52 +0000

Lemon Tree Hotels Ltd, a prominent name in the Indian hospitality sector, has announced the signing of a new property in Simara, Nepal. This development marks the company’s seventh property in Nepal, underscoring its strategic expansion in high-growth gateway cities and transit-led markets. The new hotel will be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels Limited.

The upcoming Lemon Tree Hotel in Simara will feature 98 well-appointed rooms, designed to cater to the modern traveller’s need for comfort and connectivity. The property will also include a multi-cuisine restaurant, a lounge, and expansive banquet and conference facilities. Additionally, wellness amenities such as a swimming pool, spa, and fitness centre will be available, ensuring a balanced and comprehensive stay for guests.

Simara, located just 2 km from Simara Airport, is emerging as a vital hub in Nepal’s tourism sector, bridging the region’s industrial strength with its ecological attractions. As demand for branded and reliable hospitality grows beyond traditional circuits, Lemon Tree Hotels is positioning itself as a key player in these evolving markets.

Neelendra Singh, Managing Director & CEO of Lemon Tree Hotels Ltd, commented on the signing, stating, “We believe Nepal is a structurally attractive market, where demand is expanding beyond traditional destinations into a wider network of gateway and transit-led cities. Our focus has been to build depth in such markets, where we see both demand visibility and long-term growth potential. The signing in Simara is a natural extension of this approach, allowing us to strengthen our presence in the country while continuing to scale our regional portfolio.”

This strategic move highlights Lemon Tree Hotels’ commitment to expanding its regional portfolio and building a strong presence in strategically located, high-growth markets.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Lemon Tree Hotels signs agreement for 60-room property in Srinagar

Kinjal — Wed, 01 Apr 2026 17:36:00 +0000

Lemon Tree Hotels Ltd, India’s largest mid-priced hotel chain, has announced the signing of Keys Prima by Lemon Tree Hotels in Srinagar. This new property marks a significant expansion in the company’s regional presence, bringing its total footprint in Jammu & Kashmir to four operational hotels and two properties currently under development.

The hotel will be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels Limited. Strategically located just 2 km from Srinagar International Airport and 11 km from the Srinagar Railway Station, the property offers excellent connectivity for both corporate travellers and leisure groups visiting the Kashmir Valley.

The hotel will feature 60 well-appointed rooms, a restaurant, banquet hall, conference room, and recreational facilities including a swimming pool and fitness centre. This signing is part of Lemon Tree Hotels’ strategy to capture demand in high-growth leisure markets while maintaining its asset-light growth model.

Neelendra Singh, Managing Director & CEO of Lemon Tree Hotels Ltd, commented on the signing, stating, “Jammu & Kashmir is rapidly evolving into a high-potential leisure market, underpinned by a surge in domestic tourism and significantly improved infrastructure. In destinations like Srinagar, we are seeing a sophisticated shift in traveller expectations as guests are increasingly seeking refined, experience-led stays that offer the reliability of a trusted brand. The introduction of Keys Prima to this market is a direct response to that demand. By expanding state-wide footprint, we are not just adding rooms; we are building a network that offers consistency and quality across India’s most iconic travel circuits.”

Keys Prima represents Lemon Tree Hotels’ elevated midscale offering, blending contemporary design with enhanced service standards. This addition reinforces the company’s commitment to capturing demand in high-growth leisure markets.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Lemon Tree Hotels rebrands Bengaluru property to Keys Prima by Lemon Tree Hotels

Arunika Jain — Wed, 01 Apr 2026 05:22:49 +0000

Lemon Tree Hotels Limited has announced the rebranding of its Whitefield, Bengaluru property from Keys Select by Lemon Tree Hotels to Keys Prima by Lemon Tree Hotels, effective from 1st April 2026. This strategic upgrade is designed to meet the increasing sophistication of demand in the market.

The transition to the Keys Prima portfolio represents a significant move up the value chain, with enhanced design, contemporary spaces, elevated service, and a stronger food & beverage and events proposition. The repositioning aims to capture higher-yield business segments while strengthening the hotel’s appeal to premium corporate travellers and large-format MICE (Meetings, Incentives, Conferences, and Exhibitions) and social demand.

Situated in Whitefield, one of Bengaluru’s most established IT and commercial corridors, the hotel is at the heart of a dense ecosystem of global capability centres, technology parks, and multinational offices. With ongoing infrastructure development and sustained office absorption, the micro-market has evolved into a high-demand, year-round business destination, with growing spillover into leisure and extended stays.

The hotel offers 222 well-appointed rooms and suites, designed for the modern business traveller, along with extensive banquet and meeting facilities that enable it to effectively capture corporate and MICE demand. Dining and social experiences have been strengthened, with Keys Café and Unlock Bar positioned to drive both in-house engagement and local footfall. Recreational amenities, including a fitness centre and swimming pool, further enhance the overall guest experience.

Commenting on the rebranding, Mr. Vishvapreet Singh Cheema, President, Lemon Tree Hotels, said, “The repositioning of our Whitefield hotel to Keys Prima is a strategic step aligned with the evolving demand dynamics of Bengaluru’s business landscape. As the market matures, we are seeing a clear shift towards more premium, experience-led stays within the midscale segment. This upgrade, driven by significant investment in the property and extensive renovations, has revitalised the hotel and delivers a refreshed, elevated stay experience for our guests. It also allows us to better align with emerging guest expectations, while unlocking higher value across corporate, MICE, and social segments. Bengaluru continues to be a key market for us, where we currently operate six hotels across key micro-markets. This networked presence enables us to cater to diverse demand segments, while offering scale and flexibility to our corporate partners.”

Keys Prima by Lemon Tree Hotels represents the brand’s elevated midscale offering, bringing together contemporary design, enhanced service, and thoughtfully curated experiences for the modern traveller.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Lemon Tree Hotels opens 11th property in Gujarat with Keys Select in Vadodara

Kinjal — Wed, 25 Mar 2026 17:12:53 +0000

Lemon Tree Hotels Limited has announced the opening of its latest property, Keys Select by Lemon Tree Hotels, in Vadodara, Gujarat. This marks the company’s 11th property in the state, further expanding its presence in the region.

The new hotel features 42 well-appointed rooms, a restaurant, a banquet hall, a meeting room, and other public areas. This is a slight adjustment from the 45 rooms initially disclosed to the stock exchange in October 2023.

Strategically located on Atladra Padra Main Road, the hotel offers easy access to major commercial districts and attractions such as Laxmi Vilas Palace, Sayaji Gardens, and the Baroda Museum & Picture Gallery. It is conveniently situated 12 km from Vadodara Domestic Airport and 7 km from Vadodara Junction Railway Station, making it an ideal choice for both business and leisure travellers.

Mr. Vishvapreet Singh Cheema, President of Lemon Tree Hotels Ltd., commented on the launch, stating, “Vadodara is a strategically important market for us, given its growing economic significance and rich cultural heritage. This opening further strengthens our presence in the city, where we already operate two successful hotels, and marks our third property in Vadodara, reaffirming our long-term commitment to the region. As we continue to expand in high-potential destinations, our focus remains on delivering a consistent, reliable, and high-quality hospitality experience that guests across the country have come to trust.”

Lemon Tree Hotels Limited operates a diverse portfolio of midscale and premium hotels across India. The company is known for offering comfort and convenience to both business and leisure travellers, providing stylish rooms, attentive service, and delightful cuisine.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Lemon Tree Hotels announces resignation of independent director Freyan Jamshed Desai

Arunika Jain — Fri, 20 Mar 2026 15:07:04 +0000

Lemon Tree Hotels Limited has announced the resignation of its Independent Director, Ms. Freyan Jamshed Desai, effective from the close of business hours on March 20, 2026. This development was disclosed in a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ms. Desai, who held the position of Independent Director, cited health reasons for her decision to step down from the board and its committees. In her resignation letter, she confirmed that there are no material reasons for her departure other than those stated. The company has included her resignation letter as Annexure A in the filing.

The filing also provided additional information as per the SEBI requirements, confirming that Ms. Desai does not hold directorships in any other listed entities. Furthermore, she reiterated that there are no other material reasons for her resignation beyond what was mentioned in her letter.

Lemon Tree Hotels has requested stakeholders to take note of this information and has assured that the necessary forms and intimations will be filed with the Registrar of Companies and the Stock Exchanges as required.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Lemon Tree Hotels signs new resort in Lonavala, Maharashtra

Business Desk — Thu, 19 Mar 2026 13:47:21 +0000

Lemon Tree Hotels Limited has announced the signing of a new resort in Lonavala, Maharashtra, further expanding its leisure portfolio in one of India’s most popular getaway destinations. The new property, Lemon Tree Resort, will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited.

The resort will feature 50 well-appointed rooms, a restaurant, banquet hall, meeting room, swimming pool, spa, and fitness centre. Lonavala, nestled in the Sahyadri hills, is a sought-after leisure destination known for its scenic landscapes, pleasant climate, and proximity to Mumbai and Pune. It attracts a steady mix of weekend travellers, destination weddings, and corporate offsites, making it an ideal location for a branded resort offering.

Mr. Vilas Pawar, CEO of Managed & Franchise Business at Lemon Tree Hotels, commented on the signing, stating that Lonavala remains a high-demand leisure destination with strong potential across weekend travel, weddings, and corporate retreats. He emphasised that this signing aligns with the company’s focus on expanding its resort portfolio in key getaway destinations while continuing to build scale in Maharashtra.

The resort is conveniently located approximately 69 km from Navi Mumbai International Airport and about 5.8 km from Lonavala Railway Station, providing easy connectivity for travellers from major cities across India.

This addition reflects Lemon Tree Hotels’ continued focus on strengthening its presence across prominent leisure destinations, while complementing its established footprint in key urban centres.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Lemon Tree Hotels shares in focus after strategic reorganisation, Rs 960 crore Warburg Pincus investment in Fleur Hotels

Aman Shukla — Sat, 10 Jan 2026 04:05:53 +0000

Shares of Lemon Tree Hotels Limited are expected to remain in focus on Monday after the company’s Board of Directors approved a major composite scheme of arrangement aimed at restructuring the group into two clearly differentiated platforms. The decision was taken at the board meeting held on January 9, 2026, following recommendations from the Reorganisation Committee, the Audit Committee and the Committee of Independent Directors.

Under the proposed reorganisation, Lemon Tree Hotels will transition into a pure-play, asset-light hospitality platform focused on hotel management, brand and loyalty, distribution and digital services. At the same time, Fleur Hotels Limited will emerge as a large-scale hotel ownership and development company with end-to-end in-house capabilities and a strong growth pipeline supported by fresh capital.

As part of the transaction, the board has approved the execution of a Share Purchase Agreement involving Lemon Tree Hotels, APG Strategic Real Estate Pool N.V., Coastal Cedar Investments B.V., an affiliate of Warburg Pincus, and Fleur Hotels. Under this agreement, Warburg Pincus will acquire APG’s entire 41.09% stake in Fleur Hotels prior to the completion of the composite scheme. The board has also approved a new Shareholders’ Agreement between Fleur Hotels, Lemon Tree Hotels, promoter Patanjali Govind Keswani, Spank Management Services Private Limited and Warburg Pincus.

The reorganisation will be executed in multiple stages. Initially, Lemon Tree Hotels will merge its wholly owned subsidiaries Carnation Hotels and Hamstede Living with the parent company. Subsequently, four other wholly owned subsidiaries—Oriole Dr Fresh, Sukhsagar Complexes, Manakin Resorts and Canary Hotels—will be merged with Fleur Hotels in exchange for the issuance of Fleur shares to Lemon Tree.

In addition, twelve hotels will be demerged into Fleur Hotels, including eleven operational properties and one under-construction hotel in Shimla. The transaction also includes Lemon Tree’s development team and capabilities, exclusivity over future hotel development, ownership and leasing activities, and an investment in a hotel under construction in Shillong through a subsidiary. All hotel assets housed under Fleur will operate under new hotel operating agreements with Lemon Tree, effective from April 1, 2026.

Following the scheme becoming effective, shareholders of Lemon Tree Hotels as on the record date will directly and indirectly own 73.99% of Fleur Hotels. Of this, Lemon Tree shareholders will directly hold 32.96%, Lemon Tree Hotels will retain a 41.03% stake, and Warburg Pincus will own the remaining 26.01%. These shareholding figures exclude any potential dilution arising from the proposed primary capital infusion by Warburg Pincus.

Fleur Hotels is also set to receive a primary equity investment of up to ₹960 crore from Warburg Pincus, to be infused in tranches as required. This capital is expected to accelerate Fleur’s expansion and strengthen its balance sheet. The partnership marks the second strategic collaboration between Lemon Tree Hotels and Warburg Pincus, following the private equity firm’s earlier investment in Lemon Tree in 2006.

Post-reorganisation, Fleur’s owned hotel portfolio will expand significantly, growing from 24 operating hotels with 3,993 keys to 41 hotels with 5,813 keys. Lemon Tree Hotels will continue to operate and manage these properties under its asset-light model, while also managing and franchising its third-party owned portfolio across India and overseas.

The composite scheme is subject to approvals from shareholders, regulators and the National Company Law Tribunal. Once all approvals are in place, Fleur Hotels will be listed as a separate entity on Indian stock exchanges, with the entire process expected to be completed within 12 to 15 months. Morgan Stanley acted as the exclusive financial advisor to the transaction.

Lemon Tree Hotels expands footprint with new signings in Andhra Pradesh and Chhattisgar

Aman Shukla — Wed, 10 Dec 2025 14:20:38 +0000

Lemon Tree Hotels Limited, recognised as one of India’s fastest-growing mid-scale and premium hospitality brands, has announced two new property signings that strengthen its presence in Andhra Pradesh and Chhattisgarh. The company has confirmed the upcoming Lemon Tree Resort in Bapatla and the Lemon Tree Hotel in Bhilai, both set to be managed by Carnation Hotels Private Limited, its wholly owned subsidiary. With these additions, the brand continues to widen its appeal for travellers seeking a refreshing, vibrant and reliable stay experience across the country.

The first of the two signings, Lemon Tree Resort in Bapatla, finds its home in a peaceful coastal town known for the calm charm of Suryalanka Beach. The location is already popular among visitors looking to unwind by the sea, and the resort promises to bring a new level of comfort to the region. The property is planned with ninety well-designed rooms, a lively restaurant and bar, dedicated banquet and meeting spaces, along with leisure amenities such as a swimming pool, spa and fitness centre. Its connectivity adds another layer of convenience, with Vijayawada International Airport roughly 100 kilometres away and Vijayawada Junction situated about 85 kilometres from the site. Both public and private transport options link the destination smoothly to surrounding cities.

The second property, Lemon Tree Hotel in Bhilai, is set in the heart of Chhattisgarh’s famed Steel City, a place where industrial progress blends with wide, green neighbourhoods. Bhilai’s reputation is anchored by the iconic Bhilai Steel Plant, and the new hotel aims to cater to the flow of business travellers while also welcoming guests exploring the region. The hotel is planned to feature seventy-two smartly appointed rooms, an in-house restaurant, versatile banquet and meeting facilities, and recreational offerings including a swimming pool and spa. It also benefits from strong transport access, with Swami Vivekananda Airport in Raipur approximately 58 kilometres away and Raipur Railway Station about 41 kilometres from the property.

Both signings reflect Lemon Tree Hotels’ ongoing strategy to blend high-quality hospitality with value-driven experiences, ensuring guests have dependable options across both emerging and established markets.

Lemon Tree Hotels expands footprint with new properties in Gujarat and Uttarakhand

Aman Shukla — Thu, 27 Nov 2025 16:33:05 +0000

Lemon Tree Hotels Limited, known as India’s fastest-growing mid-scale and premium hospitality brand, has added two more properties to its portfolio with the signing of Lemon Tree Hotel, Surat Airport and Keys Prima by Lemon Tree Hotels, Haridwar. The expansion strengthens the group’s presence in both Gujarat and Uttarakhand, giving business and leisure travellers more fresh, vibrant, and value-driven stay options.

The upcoming Lemon Tree Hotel near Surat Airport will be operated by Carnation Hotels Private Limited, the company’s wholly-owned subsidiary, while the Haridwar property will run under a franchise arrangement. Together, these hotels enhance Lemon Tree’s reach across two high-potential destinations that continue to attract travellers year-round.

In Surat, often celebrated as the “Diamond City of India,” Lemon Tree is positioning itself in a bustling commercial zone surrounded by thriving textile markets, diamond-cutting hubs, lively shopping centres, and emerging leisure spots along the riverfront. The location offers excellent connectivity, with Surat International Airport barely 1.6 kilometres away — roughly a five-minute drive — and the railway station around half an hour from the property. Once operational, guests can expect 110 modern rooms, a lively restaurant, flexible banqueting and meeting spaces, and relaxing recreational facilities, including a swimming pool and spa.

Haridwar, on the other hand, offers a completely different charm. Keys Prima by Lemon Tree Hotels is coming up near the serene surroundings of Rajaji National Park in Shyampur, making it a convenient base for spiritual seekers and nature lovers alike. The hotel sits within comfortable distance of the city’s famous ghats and temples, while also being close to forest trails and wildlife experiences. Travellers can reach the property from Jolly Grant Airport in Dehradun, located about 49 kilometres away, or from Haridwar Railway Station, which is roughly 12 kilometres from the site. The hotel will house 60 well-designed rooms, a restaurant, a conference hall and a range of leisure facilities, including a spa, swimming pool and fitness centre.

Lemon Tree Hotels expands footprint in Bihar with new property in Motihari

Aman Shukla — Sat, 01 Nov 2025 11:03:50 +0000

Lemon Tree Hotels Limited, India’s fastest-growing mid-scale and premium hotel chain, has announced the launch of its newest managed property — Lemon Tree Hotel, Motihari — on October 31, 2025. The opening marks another key step in the company’s expansion across Eastern India and strengthens its presence in Bihar, where it already operates one property.

Located in the historic city of Motihari in East Champaran district, the new hotel offers travellers a blend of modern comfort and cultural richness. Motihari is known as the birthplace of author George Orwell and the starting point of Mahatma Gandhi’s Champaran Satyagraha, giving the destination deep historical importance. The city also serves as a gateway to Nepal and is well connected to major hubs like Patna and Darbhanga, making it ideal for both business and leisure visitors.

The hotel comprises 50 well-appointed rooms and suites across different categories. In its first phase, 32 rooms, along with the Citrus Café (a multi-cuisine restaurant), Tangerine Grand 1 and 2 banquet halls, a Boardroom, spa, fitness centre, and swimming pool are now open to guests.

In the second phase, the property will unveil 18 additional rooms and introduce Kebab Theater, a modern Indian specialty restaurant offering kebabs, tikkas, and regional delicacies, along with the final banquet venue, Tangerine.

Speaking about the launch, Mr. Vishvapreet Singh Cheema, President of Lemon Tree Hotels, said, “Motihari stands as a city of deep historical and cultural relevance, marking an important chapter in India’s independence movement. With the opening of Lemon Tree Hotel, Motihari, we are pleased to extend our signature comfort and warmth to travellers visiting this iconic destination, blending modern hospitality with the city’s timeless charm.”

Lemon Tree Hotels expands footprint with two new premium properties in Ayodhya and Guwahati

Aman Shukla — Thu, 30 Oct 2025 07:09:44 +0000

Lemon Tree Hotels Limited, one of India’s fastest-growing mid-scale and premium hotel chains, has announced the signing of two new properties — Lemon Tree Premier, Ayodhya and Lemon Tree Premier, Guwahati. The expansion underscores the company’s commitment to strengthening its presence across key spiritual and cultural destinations in India.

Under the terms of the Development Management and License Agreements with RJ Corp Limited, both hotels will be developed by RJ Corp using the technical expertise of Lemon Tree Hotels. The operations of these properties will be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels.

Lemon Tree Premier, Ayodhya

Located in the historic city of Ayodhya — revered as the birthplace of Lord Ram — Lemon Tree Premier, Ayodhya will feature around 300 well-appointed rooms, complemented by a restaurant, banquet and conference facilities, a swimming pool, a spa, and other recreational amenities.

The property is strategically located about 4.5 km from Shri Ram Janmbhoomi Teerth Kshetra, 8 km from Maharishi Valmiki International Airport (Ayodhya Dham), and 3 km from the nearest railway station. With strong connectivity via public and private transport, the hotel aims to cater to the growing influx of pilgrims and tourists seeking a comfortable stay near the city’s sacred landmarks.

Lemon Tree Premier, Guwahati

The upcoming Lemon Tree Premier, Guwahati will feature approximately 300 rooms and 50 serviced apartments with kitchenettes, designed to cater to both leisure and extended-stay guests. The hotel will also offer a restaurant, banquet hall, meeting and conference rooms, a swimming pool, spa, and other premium facilities.

Conveniently located about 22 km from Lokpriya Gopinath Bordoloi International Airport and 10 km from Guwahati Railway Station, the property will provide easy access to major attractions and business hubs across Assam’s capital city.

Lemon Tree Hotels shares jump over 3% as company launches new property in Tirupati

Aman Shukla — Fri, 03 Oct 2025 04:10:06 +0000

Lemon Tree Hotels shares rallied over 3% in morning trades after the company announced the launch of its newest property, Lemon Tree Premier, Tirupati. As of 9:38 AM, the shares were trading 3.30% higher at Rs 171.76.

The stylish managed hotel features 111 well-appointed rooms and suites, blending comfort with a premium stay experience for business and leisure travelers.

Guests at Lemon Tree Premier, Tirupati, can enjoy a range of amenities, including Citrus Café, a vibrant multi-cuisine restaurant, Slounge recreational bar, Pool Bar & Grill, spacious banquet halls, a spa, a fully equipped fitness center, and a swimming pool.

The property will open in two phases. The first phase, already operational, includes 54 rooms and suites along with Citrus Café. The second phase will introduce 57 additional rooms, Slounge, Pool Bar & Grill, banquet facilities, spa, gym, and swimming pool amenities.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Lemon Tree Hotels launches new property in Tirupati

Aman Shukla — Thu, 02 Oct 2025 06:15:45 +0000

Lemon Tree Hotels Limited, one of India’s fastest-growing mid-scale and premium hospitality brands, has announced the launch of its newest property — Lemon Tree Premier, Tirupati.

This stylish managed hotel brings 111 well-appointed rooms and suites designed to offer a comfortable yet premium stay experience. Guests can enjoy multiple facilities including Citrus Café, a vibrant multi-cuisine restaurant, Slounge, a lively recreational bar, a Pool Bar & Grill, spacious banquets, a spa, a fully equipped fitness center, and a swimming pool.

The property will open in two phases. The first phase, which is now operational, features 54 rooms and suites along with Citrus Café. The second phase will add 57 more rooms, Slounge, the Pool Bar & Grill, banquet halls, the spa, gym, and pool facilities.

Tirupati, located in Andhra Pradesh, is one of India’s most significant pilgrimage destinations. The city is world-famous for the sacred Sri Venkateswara Temple, dedicated to Lord Venkateswara (an incarnation of Lord Vishnu), which draws millions of devotees every year. Alongside its spiritual importance, Tirupati has developed into a modern urban hub with excellent connectivity via Tirupati International Airport and Renigunta Railway Station.

Lemon Tree Hotels expands portfolio with two new properties in Varanasi and Rewa

Aman Shukla — Tue, 23 Sep 2025 14:42:29 +0000

Lemon Tree Hotels, one of India’s leading hotel chains, has announced the signing of two new properties: Keys Prima by Lemon Tree Hotels in Varanasi and Keys Select by Lemon Tree Hotels in Rewa, marking a significant expansion of its presence across the country.

Keys Prima by Lemon Tree Hotels in Varanasi will operate under a franchise model and feature 153 elegantly designed rooms. The property will offer a range of modern amenities, including a restaurant, banquet facilities, conference rooms, a swimming pool, fitness center, and spa, along with other well-appointed public areas. Conveniently located approximately 31 kilometers from Lal Bahadur Shastri International Airport and about 12 kilometers from Varanasi Railway Junction, the hotel is easily accessible via both public and private transport.

Keys Select by Lemon Tree Hotels in Rewa will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited. The hotel will feature 50 well-appointed rooms, two restaurants, a banquet hall, a swimming pool, and thoughtfully designed public spaces. Situated around 19 kilometers from Rewa Airport and 13 kilometers from Rewa Railway Station, the property is well connected by roadways, ensuring seamless travel for all guests.

Lemon Tree Hotels shares jump 3% as Macquarie maintains ‘Outperform’ rating with target price of Rs 200

Aman Shukla — Tue, 12 Aug 2025 04:03:47 +0000

Lemon Tree Hotels shares rose 3% following Macquarie’s reaffirmation of an “Outperform” rating with a target price of ₹200. As of 9:33 AM, the shares were trading 1.96% higher at Rs 144.90.

The positive sentiment was driven by the company’s strong quarterly performance, highlighted by robust RevPAR growth at its flagship Aurika property in Mumbai.

The management outlined an ambitious five-year expansion plan aimed at potentially doubling the number of rooms in its portfolio. Additionally, a new management structure has been implemented to support the planned demerger of the Fleur brand by the end of FY26.

Macquarie remains optimistic about Lemon Tree Hotels’ growth prospects, underpinned by its strategic expansion initiatives and strong performance of premium properties.

Lemon Tree Hotels signs new property in Kharar, Punjab

Aman Shukla — Mon, 23 Jun 2025 12:23:48 +0000

Lemon Tree Hotels has announced the latest addition to its growing portfolio with the signing of Keys Lite by Lemon Tree Hotels in Kharar, Punjab. This upcoming property will operate under the franchise model of Lemon Tree Hotels Limited, further strengthening the brand’s presence in North India.

The hotel will feature 47 well-appointed rooms and offer a host of modern amenities including a multi-cuisine restaurant, banquet hall, meeting room, fitness centre, swimming pool, spa, and other public spaces. Strategically located, the hotel lies approximately 26 km from Shaheed Bhagat Singh International Airport, Chandigarh, and around 28 km from the Chandigarh Railway Station, ensuring excellent connectivity via road and rail.

Kharar, a key part of the Sahibzada Ajit Singh Nagar district, is emerging as a vibrant business and cultural hub in Punjab. The city attracts both leisure and business travellers with its mix of religious sites, amusement parks, scenic lakes, gardens, and wildlife sanctuaries.

Commenting on the development, Mr. Vilas Pawar, CEO – Managed & Franchise Business, Lemon Tree Hotels, said, “We are delighted to expand our footprint in Punjab. Our goal is to establish Lemon Tree Hotels as the preferred hospitality brand across tiered cities and market segments. This hotel will complement our two operational and seven upcoming properties in the state.”

Lemon Tree Hotels signs HOA for new property in Uttar Pradesh

Aman Shukla — Fri, 20 Jun 2025 14:39:18 +0000

Lemon Tree Hotels Limited has announced the execution of a Hotel Operation Agreement (HOA) for a new property in Greater Noida, Uttar Pradesh. The agreement has been signed through its wholly owned subsidiary, Carnation Hotels Private Limited, which will operate the upcoming hotel under the “Lemon Tree Suites” brand. The operation of the hotel is subject to the execution of a licence agreement by Lemon Tree Hotels Limited.

The upcoming Lemon Tree Suites in Greater Noida will include 336 well-appointed suites along with a range of amenities such as restaurants, a bar, banquet facilities, a swimming pool, spa, fitness center, and other public areas. The property will cater to both business and leisure travelers.

Strategically located, the hotel is approximately 39 km from Indira Gandhi International Airport, New Delhi, and about 13 km from Ghaziabad Railway Station. It is easily accessible via road and offers connectivity to various modes of public and private transport.

Greater Noida has rapidly developed into a key urban center within the National Capital Region (NCR). Known for its planned infrastructure, wide roads, and green spaces, the city has become a hub for education, real estate, and industry. With growing connectivity through expressways, upcoming metro extensions, and the proposed Noida International Airport, Greater Noida continues to attract residential and commercial investments.

Lemon Tree Hotels expands footprint in Northeast with new property in Itanagar, Arunachal Pradesh

Aman Shukla — Sat, 14 Jun 2025 09:46:57 +0000

Lemon Tree Hotels Limited has announced the signing of a new property in Itanagar, Arunachal Pradesh. The upcoming hotel will be operated under the Lemon Tree brand by Carnation Hotels Private Limited, a wholly-owned subsidiary of the company.

The Lemon Tree Hotel, Itanagar, will offer 70 rooms and include a range of facilities such as a restaurant, bar, banquet hall, meeting room, swimming pool, gym, and spa. The hotel is located approximately 25 kilometres from Donyi Polo Airport and about 12 kilometres from Naharlagun (Itanagar) Railway Station. It also enjoys road connectivity, making it accessible by both public and private transportation.

Itanagar, the capital of Arunachal Pradesh, is known for its historical and cultural significance. The city gets its name from Itafort, a 14th-15th century fort built during the rule of the Jitari Dynasty. The region is home to sites such as the Jawaharlal Nehru Museum, which highlights the tribal heritage of the state, and Gekar Sinyi (Ganga Lake), a natural lake popular among residents and visitors.

Vilas Pawar, CEO – Managed & Franchise Business, Lemon Tree Hotels,said, “We are excited to expand further in the eastern part of the country. This signing marks a significant milestone in our growth journey, as it will be our first property in Arunachal Pradesh. It will further strengthen our expanding portfolio.”

With this addition, Lemon Tree Hotels continues to expand its presence in Northeast India.

Lemon Tree Hotels opens new property in Mira Road, Mumbai — its 13th in Maharashtra

Aditya Bhagchandani — Thu, 01 May 2025 18:25:24 +0000

Lemon Tree Hotels Limited has announced the opening of its newest property, Lemon Tree Hotel, Mira Road, Mumbai, marking its 13th operational hotel in the state of Maharashtra. The property is managed by Carnation Hotels Private Limited, a subsidiary and the hotel management arm of Lemon Tree Hotels.

The newly launched hotel features 108 well-appointed rooms, a multi-cuisine restaurant (Citrus Café), fitness center, spa, and a swimming pool. It also offers modern meeting and conferencing facilities, catering to both business and leisure travelers.

Located in the bustling Mumbai suburb of Mira Road, the hotel aims to serve the city’s dynamic and diverse clientele. Often dubbed the “City of Dreams,” Mumbai is a key hub for entertainment, business, and commerce. The new property leverages this strategic location to provide convenience and high-quality hospitality for corporate professionals and tourists alike.

With this launch, Lemon Tree continues to expand its presence in key metro and tier-II/III markets. The group now has over 110 operational hotels and more than 100 in the pipeline across India and abroad, including locations in Dubai, Bhutan, and Nepal.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice.

Lemon Tree Hotels inaugurates its 13th property in Maharashtra

Aman Shukla — Thu, 01 May 2025 17:58:25 +0000

Lemon Tree Hotels Limited announces the launch of its newest property—Lemon Tree Hotel, Mira Road, Mumbai. This managed hotel marks the group’s 13th establishment in Maharashtra, strengthening its presence in one of India’s most dynamic states.

Strategically located in the vibrant suburb of Mira Road, the hotel offers 108 stylish and well-appointed rooms, perfect for both business and leisure travelers. Guests can enjoy a wide range of modern amenities, including Citrus Café, a multi-cuisine restaurant, a fully-equipped fitness center, a rejuvenating spa, and a swimming pool.

Designed to meet the needs of discerning guests, the hotel also features state-of-the-art meeting and conferencing facilities, making it ideal for corporate events and business gatherings.

Often referred to as the “City of Dreams”, Mumbai continues to attract talent and investment from across the globe. With its robust infrastructure, skilled workforce, and thriving business ecosystem, the city stands as a key hub for growth. Its strategic location on India’s west coast enhances its appeal as a gateway to international trade and commerce.

The addition of Lemon Tree Hotel, Mira Road not only offers guests a comfortable and refreshing stay but also reinforces the brand’s commitment to delivering quality hospitality experiences across India.

Lemon Tree Hotels shares jump 3% after signing new property in Darjeeling

Aman Shukla — Tue, 08 Apr 2025 04:04:08 +0000

Lemon Tree Hotels Ltd. saw its shares climb by 3% after announcing the signing of a new property under its Keys Prima brand in Darjeeling, West Bengal. The hotel will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels, and is expected to open in FY2026.

Strategically located in the heart of Darjeeling, the hotel will offer 65 well-appointed rooms, a restaurant, a meeting room, recreational facilities, and other public areas. It is just 2.5 km from Darjeeling Railway Station and around 70 km from Bagdogra Airport, offering excellent rail and air connectivity.

Darjeeling, often called the “Queen of the Hills,” is a top tourist destination known for its colonial heritage, tea gardens, local culture, and stunning Himalayan views, including Mount Kanchenjunga.

Mr. Vilas Pawar, CEO – Managed & Franchise Business, Lemon Tree Hotels, stated, “We are excited to extend our footprint in West Bengal. This new property strengthens our strategic presence in the state, adding to our portfolio of two operational hotels and two upcoming properties.”

This expansion boosts Lemon Tree Hotels’ presence in eastern India and aligns with its broader growth strategy. With over 210 properties across India and international locations such as Dubai, Bhutan, and Nepal, including more than 110 operational hotels and 100+ in the pipeline, the brand continues its rapid growth in the hospitality sector.

Lemon Tree Hotels shares opened at ₹136.00 today, hitting a high of ₹138.00 and a low of ₹134.79 during trading. The stock remains below its 52-week high of ₹162.40 but well above the 52-week low of ₹112.20.

Lemon Tree Hotels signs new property in Vrindavan, Uttar Pradesh

Aman Shukla — Fri, 04 Apr 2025 16:27:16 +0000

Lemon Tree Hotels has announced the signing of its latest property – Lemon Tree Hotel, Vrindavan. This upcoming hotel will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited. The property is expected to open in FY29.

Located in the spiritual town of Vrindavan, the hotel will feature 120 well-appointed rooms, a restaurant, lounge, banquet, meeting room, swimming pool, gym, spa, and other public areas, offering a complete hospitality experience to guests.

The hotel enjoys excellent connectivity. It is around 148 km from Indira Gandhi International Airport, New Delhi, and about 105 km from the upcoming Jewar International Airport. Mathura Railway Station is approximately 16 km away, and the property is easily accessible by road.

Vrindavan, nestled on the banks of the Yamuna River, is a major pilgrimage destination closely associated with Lord Krishna. The town is famous for its temples, including the Banke Bihari Temple, ISKCON Temple, and Prem Mandir. It attracts devotees and tourists year-round, especially during Holi and Janmashtami, offering a rich spiritual and cultural experience.

Mr. Vilas Pawar, CEO – Managed & Franchise Business, Lemon Tree Hotels, stated, “We are thrilled to expand our presence in Uttar Pradesh, complementing our portfolio of seven existing hotels and ten upcoming properties.”

Lemon Tree Hotels signs license agreement for new property in Jaipur, Rajasthan

Aditya Bhagchandani — Wed, 02 Apr 2025 19:08:09 +0000

Lemon Tree Hotels Limited has officially announced the signing of a new hotel property in Jaipur, Rajasthan, under a license agreement. According to a regulatory filing dated April 2, 2025, the upcoming Lemon Tree Hotel will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of the company, and is expected to begin operations in FY27.

The new property will feature 66 well-appointed rooms and a host of modern amenities including a restaurant, banquet hall, meeting room, swimming pool, and a fitness center. Strategically located just 500 meters from Jaipur International Airport and approximately 12 kilometers from Jaipur Junction Railway Station, the hotel aims to offer both convenience and comfort for business and leisure travelers alike.

Speaking on the development, Mr. Vilas Pawar, CEO of the Managed & Franchise Business at Lemon Tree Hotels, said, “We are thrilled to expand our presence in Rajasthan, complementing our portfolio of 10 existing hotels and six upcoming properties.”

Jaipur, often referred to as the “Pink City,” remains one of India’s top tourist destinations, known for its architectural marvels, bustling markets, and rich cultural heritage.

With this new signing, Lemon Tree Hotels further strengthens its growing network, which currently comprises over 110 operational hotels and more than 100 upcoming ones across India and select international destinations including Dubai, Bhutan, and Nepal.

Lemon Tree Hotels stock jumps 3% on new property signing in Pali, Maharashtra

Aman Shukla — Tue, 01 Apr 2025 04:17:23 +0000

Lemon Tree Hotels Ltd. saw a 3% surge in its share price after the company announced the signing of its latest property, Keys Select by Lemon Tree Hotels, located in Pali, Maharashtra. Set to begin operations in FY 2026, the hotel marks another strategic expansion for the brand in Maharashtra, increasing its portfolio to 12 existing hotels and seven upcoming properties.

Pali, a scenic town in Raigad district, is renowned for its historical significance and natural beauty. The town, situated near the Western Ghats, attracts tourists with its popular trekking routes, such as Sarasgad Fort and Sudhagad Fort, along with the revered Ballaleshwar Ganapati Temple. With these attractions, Pali is quickly becoming a hotspot for nature lovers and adventure seekers.

The new Keys Select property will feature 54 well-appointed rooms, a restaurant, banquet hall, swimming pool, and a bar. With its convenient location, the hotel will be easily accessible by road, situated approximately 98 km from Chhatrapati Shivaji Maharaj International Airport and 97 km from Mumbai Central Railway Station.

Vilas Pawar, CEO – Managed & Franchise Business at Lemon Tree Hotels, commented, “We are thrilled to expand our footprint in Maharashtra and celebrate our 50th signing in FY 2025.” This announcement highlights Lemon Tree’s ongoing commitment to growth in India’s hospitality sector.

Lemon Tree Hotels shares opened at ₹128.20 and saw a high of ₹132.98, with a low of ₹127.81 in the latest trading session. The stock’s 52-week high stands at ₹162.40, while the 52-week low is ₹112.29.

Lemon Tree Hotels expands in Maharashtra with new property in Pali

Aman Shukla — Fri, 28 Mar 2025 14:56:18 +0000

Lemon Tree Hotels has announced the signing of its latest property, Keys Select by Lemon Tree Hotels, Pali, Maharashtra. The hotel, franchised under Lemon Tree Hotels Limited, is set to commence operations in FY 2026.

Pali, a charming town in Raigad district, is known for its rich history and natural beauty. Located near the Western Ghats, it is home to the famous Ballaleshwar Ganapati Temple, one of the revered Ashtavinayak temples. The town is a favorite among nature lovers and adventure enthusiasts, offering scenic trekking routes to Sarasgad Fort and Sudhagad Fort, which houses the temple of Goddess Bhorai.

The upcoming Keys Select by Lemon Tree Hotels, Pali will feature 54 well-appointed rooms, a restaurant, a banquet hall, a bar, a swimming pool, and other modern amenities. Strategically located, the property ensures easy accessibility via road. The nearest airport, Chhatrapati Shivaji Maharaj International Airport, is about 98 km away, while Mumbai Central Railway Station is approximately 97 km from the hotel.

Mr. Vilas Pawar, CEO – Managed & Franchise Business, Lemon Tree Hotels, stated, “We are excited to expand our footprint in Maharashtra, adding to our 12 existing hotels and seven upcoming properties. This marks our 50th signing in FY 2025, reinforcing our commitment to growth.”

Lemon Tree Hotels expands portfolio with new properties in Vrindavan and Navsari

Aman Shukla — Fri, 21 Mar 2025 16:35:56 +0000

Lemon Tree Hotels has announced two new additions to its portfolio: Keys Select by Lemon Tree Hotels in Vrindavan, Uttar Pradesh, and Keys Select by Lemon Tree Hotels in Navsari, Gujarat. Both properties will be managed by Carnation Hotels, a fully-owned subsidiary of Lemon Tree Hotels.

The Keys Select by Lemon Tree Hotels, Vrindavan, scheduled to open in FY26, will offer 54 well-appointed rooms, a restaurant, banquet facilities, a meeting room, a swimming pool, a spa, a fitness center, and more. The hotel is strategically located, with Indira Gandhi International Airport (148 km) and the upcoming Jewar International Airport (105 km) within a convenient distance. The Mathura Railway Station is just 16 km away, providing easy access to the property by both road and rail.

Keys Select by Lemon Tree Hotels, Navsari, expected to open by FY28, will feature 54 rooms, a restaurant, a banquet, and additional public areas. Located just 45 km from Surat International Airport and 6.4 km from Navsari Railway Station, this hotel is well-connected by road, ensuring easy access to public and private transport options.

Vilas Pawar, CEO of Managed & Franchise Business at Lemon Tree Hotels, shared, “We are thrilled to announce our latest signings, which will further expand our presence in Gujarat and Uttar Pradesh. These signings are a testament to our commitment to providing exceptional hospitality and unforgettable experiences in India’s most vibrant destinations.”

Lemon Tree Hotels rebrands Keys Select to Keys Prima in Chennai

Aman Shukla — Sat, 01 Mar 2025 07:06:39 +0000

Lemon Tree Hotels Limited has officially rebranded Keys Select by Lemon Tree Hotels, Katti-Ma, Chennai to Keys Prima by Lemon Tree Hotels, Katti-Ma, Chennai. Managed by Carnation Hotels Private Limited, a subsidiary of Lemon Tree Hotels, this newly upgraded hotel offers an enhanced guest experience with modern amenities.

The renovated hotel features 30 well-appointed rooms and suites, blending comfort and elegance. Guests can enjoy a delightful dining experience at Keys Café, a multi-cuisine coffee shop, or unwind at Unlock Bar, a stylish resto-bar. Fitness enthusiasts can stay active at the fully equipped gym, while upgraded public spaces, including a refreshed lobby and reception, ensure a welcoming ambiance.

For business and social events, the hotel provides expansive banquet spaces and conference facilities, catering to corporate and private gatherings. Additionally, a dedicated kid’s room offers entertainment for young guests, making it a family-friendly choice.

Located in the heart of Chennai, this hotel is ideal for travelers exploring the city’s rich cultural heritage and modern attractions. Chennai is renowned for its classical music, Bharatanatyam dance, and the annual Margazhi Festival, celebrating its deep-rooted artistic traditions. The city also boasts bustling markets, mouth-watering South Indian cuisine, and a cosmopolitan lifestyle.

Lemon Tree Hotels expands presence with new property in Shirdi, Maharashtra

Aman Shukla — Tue, 25 Feb 2025 12:56:01 +0000

Lemon Tree Hotels has announced the signing of its latest property, Lemon Tree Hotel, Shirdi, Maharashtra, which will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited. The hotel is expected to open in FY 2028, adding to the brand’s growing portfolio in India.

Shirdi, a revered pilgrimage site in Maharashtra, is best known as the home of Sai Baba, a saint who preached love, unity, and compassion. Millions of devotees visit the Shirdi Sai Baba Temple every year to seek blessings, making the town one of the most visited spiritual destinations in India. Besides its religious significance, Shirdi offers a peaceful atmosphere, historical landmarks, and a glimpse into its rich cultural heritage.

Lemon Tree Hotel, Shirdi, Maharashtra, will feature 50 well-appointed rooms, a multi-cuisine restaurant, a banquet hall, a meeting room, a swimming pool, and a spa, ensuring a comfortable and luxurious stay for guests. The hotel’s strategic location offers excellent connectivity, with Shirdi International Airport just 14.8 km away and Sainagar Shirdi Railway Station around 3 km from the property. Its easy access via road makes it a convenient choice for pilgrims and travelers alike.

Lemon Tree Hotels announces termination of agreements for Red Fox Hotel, Uttarakhand

Aman Shukla — Wed, 19 Feb 2025 16:47:17 +0000

Lemon Tree Hotels has announced the mutual termination of agreements related to the management of Red Fox by Lemon Tree Hotels, Neelkanth, Uttarakhand.

The Hotel Operating Agreement (HOA) and its addendum, signed between Hotel Mahanand (Owner) and Carnation Hotels Pvt. Ltd. (Operator) on April 17, 2018, and February 17, 2022, respectively, along with the License Agreement executed between Lemon Tree Hotels, Carnation Hotels Pvt. Ltd., and Hotel Mahanand on April 17, 2018, have been terminated with mutual consent.

This termination has no significant impact on the company’s net worth.

In the meantime, yesterday, Lemon Tree Hotels announced the signing of a License Agreement for a new Red Fox by Lemon Tree Hotels in Bhopal, Madhya Pradesh. Managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels, the property is set to open in FY 2027. The hotel will feature 46 well-appointed rooms, a restaurant, a meeting room, a bar, and other public areas. Strategically located in Bhopal, known as the “City of Lakes”, it offers excellent connectivity—just 17 km from Raja Bhoj Airport and 6 km from Bhopal Railway Station.

Lemon Tree Hotels signs agreement for Red Fox property in Bhopal, set to open in FY 2027

Aditya Bhagchandani — Tue, 18 Feb 2025 15:55:17 +0000

Lemon Tree Hotels Limited has announced the signing of a License Agreement for its latest Red Fox by Lemon Tree Hotels property in Bhopal, Madhya Pradesh, scheduled to start operations in FY 2027. This property, managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels, will feature 46 well-appointed rooms, a restaurant, a meeting room, a bar, and other public areas.

Located in Bhopal, often known as the “City of Lakes,” the hotel is strategically positioned close to the Raja Bhoj Airport (17 km away) and the Bhopal Railway Station (6 km away), making it easily accessible via road, air, and rail.

Mr. Vilas Pawar, CEO — Managed & Franchise Business, Lemon Tree Hotels said, “We are thrilled to announce our latest signing, which will further expand our presence in Madhya Pradesh. This opening will be in addition to our four operational and three upcoming hotels in the state. This signing is a testament to our commitment to providing exceptional hospitality and unforgettable experiences in one of India’s most vibrant destinations.”

This expansion underscores Lemon Tree Hotels’ continued growth in the hospitality sector, further extending its footprint in Madhya Pradesh, with multiple properties already operational and more in the pipeline.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research or consult a financial advisor before making investment decisions.

Lemon Tree Hotels signs new property in Punjab, set to open in FY 2026

Aman Shukla — Wed, 12 Feb 2025 16:29:35 +0000

Lemon Tree Hotels has announced the signing of its newest property, Keys Lite by Lemon Tree Hotels, Moga, Punjab, set to begin operations in FY 2026. This addition to the brand’s portfolio will enhance hospitality options in Moga, a city known for its thriving dairy industry, rich Punjabi culture, and growing industrial sector. Often called the “Land of Milk and Milk Products,” Moga plays a crucial role in Punjab’s economy and is an emerging hub for education and business.

Blending tradition with modernity, Moga offers vibrant markets, lively festivals, and historical landmarks, including spiritually significant gurdwaras. Its strategic location makes it an important destination for travelers, entrepreneurs, and tourists alike. The upcoming Keys Lite by Lemon Tree Hotels will feature 30 well-appointed rooms, a restaurant, a terrace lounge, a banquet hall, a meeting room, and a fitness center, ensuring a comfortable and enriching stay.

Conveniently located, the hotel is just 3.6 km from Moga Railway Station, while Bhatinda Railway Station is about 104 km away. The nearest airport, Shaheed Bhagat Singh Airport, is approximately 163 km from the property. With seamless connectivity via road and rail, the hotel will be easily accessible for guests. As Moga continues to grow, the arrival of Keys Lite by Lemon Tree Hotels will further enhance the city’s hospitality and tourism landscape.

Lemon Tree Hotels signs new property in Anand, expected to open in FY 2029

Aman Shukla — Mon, 27 Jan 2025 15:22:20 +0000

Lemon Tree Hotels has signed its latest property, the Lemon Tree Hotel in Anand, Gujarat. The hotel, which will be operated by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited, is slated to begin operations in FY 2029.

Anand, the epicentre of India’s White Revolution, is famously home to Amul, the largest dairy in Asia. This charming city blends cultural, historical, and natural attractions, making it a sought-after destination. Visitors can delve into history at the Sardar Vallabhbhai Patel National Memorial or tour the Amul Dairy Factory to witness the creation of iconic dairy products. For nature lovers, Kadiya Muvada Lake and the scenic Narmada Canal offer tranquil escapes. Anand also features spiritual landmarks, including the Swaminarayan Mandir.

Lemon Tree Hotel in Anand, Gujarat, will have 60 well-appointed rooms, a restaurant, a banquet hall, a conference room, a swimming pool, a spa, and other public spaces. The nearest airport is Vadodara Airport, which is around 44 kilometers from the property, while the Anand Railway Station is about 5 kilometers away. The hotel is also easily accessible by public and private transportation.

Vilas Pawar, CEO – Managed & Franchise Business, Lemon Tree Hotels stated, “Gujarat, an economic powerhouse, is known for its rich cultural heritage, diverse landscapes, and vibrant history has become an important focus in the rapid expansion of our portfolio. This opening will be in addition to our seven existing and 17 upcoming hotels in the state.”

Lemon Tree Hotels executes HOA for new property in Vadodara, Gujarat

Aman Shukla — Fri, 24 Jan 2025 15:23:42 +0000

Lemon Tree Hotels Limited, through its wholly-owned subsidiary Carnation Hotels Private Limited, has announced the execution of a Hotel Operating Agreement (HOA) for an upcoming property in Vadodara, Gujarat. The new hotel, to be branded as “Lemon Tree Premier,” is expected to commence operations in FY 2029, following the completion of construction and the execution of a license agreement for brand usage.

Located in Vadodara, a city renowned for its cultural heritage and modern infrastructure, Lemon Tree Premier will feature 92 well-appointed rooms. The hotel will also offer a range of premium facilities, including a restaurant, meeting room, swimming pool, spa, and other public areas. Its strategic location ensures easy connectivity, with Vadodara Airport approximately 10.5 km away and the Vadodara Railway Station just 3 km away.

Vadodara, often referred to as the cultural capital of Gujarat, is home to iconic landmarks like Lakshmi Vilas Palace and renowned institutions such as Maharaja Sayajirao University. The city’s thriving industrial sectors, including textiles and chemicals, combined with its vibrant festivals like Navratri, make it an attractive destination for business and leisure travelers alike.

Lemon Tree Hotels signs new property in Gujarat, expected to open in FY 2029

Aman Shukla — Thu, 16 Jan 2025 16:38:35 +0000

Lemon Tree Hotels has recently informed exchanges that the company signed a new property in Valsad, Gujarat, managed by its subsidiary, Carnation Hotels Private Limited. The Lemon Tree Hotel, Valsad, is expected to open in FY 2029.

Located in southern Gujarat, Valsad is renowned for its industrial estates, cultural heritage, and agricultural prominence, particularly as a hub for Alphonso mangoes. The city is a popular destination featuring attractions like Tithal Beach, known for its unique black sand and serene coastline, and the Udvada Zoroastrian Fire Temple, the oldest Parsi Agiyari with deep spiritual significance. Valsad also boasts lush greenery, tranquil surroundings, and historic temples.

The Lemon Tree Hotel, Valsad, will offer 46 well-appointed rooms, two restaurants, a banquet hall, a meeting room, a swimming pool, a spa, and other public areas. The property is strategically located 99 km from Surat International Airport and just 5 km from Valsad Railway Station. With excellent road connectivity to Mumbai, Surat, and Ahmedabad, the hotel is easily accessible for both business and leisure travellers.

Lemon Tree Hotels signs new property in Bapane, Maharashtra

Aman Shukla — Thu, 26 Dec 2024 15:34:00 +0000

Lemon Tree Hotels Limited has announced the signing of its latest property, Lemon Tree Hotel, Bapane, Maharashtra. This new addition will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels. The hotel is expected to open in FY 2026.

Strategically located in Bapane Village, within the Vasai Municipality of Palghar District, the hotel is part of the Mumbai Metropolitan Region. Known for its industrial hubs and affordable housing, Vasai has experienced significant population growth since the 1980s due to its proximity to Mumbai.

Lemon Tree Hotel, Bapane will offer 76 well-appointed rooms, a restaurant, a meeting room, a swimming pool, a spa, and other modern amenities. The property ensures excellent connectivity, situated just 43 km from Mumbai International Airport and 28.8 km from Mumbai Borivali Railway Station. It is also easily accessible by both public and private transport, making it an ideal destination for business and leisure travelers.

Commenting on the development, Vilas Pawar, CEO – Managed & Franchise Business, Lemon Tree Hotels, said, “We are delighted to strengthen our portfolio in Maharashtra, an economic powerhouse with rich cultural heritage and diverse landscapes. This hotel will complement our existing twelve properties and five upcoming projects in the state.”

Lemon Tree Hotels shares surge nearly 3% after Axis Capital initiates coverage with Rs 153 target price

Aman Shukla — Thu, 12 Dec 2024 04:15:09 +0000

Lemon Tree Hotels’ shares surged nearly 3% following a positive outlook from Axis Capital, which initiated coverage on the stock with an “Add” rating and a target price of ₹153.

Axis Capital highlighted a prolonged upcycle in the major Indian hotel industry, driven by structural factors that position it for long-term growth. The firm noted that hotel supply additions are expected to grow at a slower pace (9% CAGR for FY24-FY27E), well below the anticipated 12% demand growth, creating a favorable environment for operators. Key drivers include stronger corporate earnings boosting business travel, rising domestic travel due to higher disposable incomes, increased wedding spending, and a resurgence in foreign visitors.

Lemon Tree Hotels’ shares opened at ₹143.50, reaching a high of ₹147.75 and a low of ₹143.37 today. With a 52-week high of ₹158.00 and a low of ₹111.80, the stock shows steady performance.

As of 9:43 am, Lemon Tree Hotels shares were trading 2.18% higher at Rs 145.93 on the NSE.

Lemon Tree Hotels signs new property in Mirik, West Bengal

Aditya Bhagchandani — Mon, 09 Dec 2024 16:26:07 +0000

Lemon Tree Hotels Limited announced the signing of a new property, Lemon Tree Resort, Mirik, West Bengal. This project, managed by its wholly-owned subsidiary Carnation Hotels Private Limited, is expected to open in FY 2028. The upcoming resort is situated at an altitude of 1,768 meters, offering breathtaking views of lush tea gardens, dense forests, and the majestic Kanchenjunga mountain range, making it an ideal destination for travelers seeking serenity and natural beauty.

The resort will feature 50 well-appointed rooms, a restaurant, a bar, a meeting room, a banquet, a swimming pool, a fitness center, and public areas to cater to diverse guest needs. Located approximately 55 kilometers from Bagdogra Airport and 50 kilometers from Siliguri Railway Station, the property is well-connected by road and public transport, ensuring ease of access.

Mr. Vilas Pawar, CEO of Managed & Franchise Business at Lemon Tree Hotels, expressed excitement over the new addition, saying, “This expansion complements our existing and upcoming properties in West Bengal, reinforcing our commitment to delivering exceptional hospitality experiences.”

This development underscores Lemon Tree Hotels’ strategy to strengthen its portfolio and expand its footprint across India, offering high-quality services to its guests. Currently, Lemon Tree Hotels manages a portfolio of over 190 properties, with 110+ operational hotels and plans for more than 80 new properties in India and internationally.

Lemon Tree Hotels announces termination of hotel operating and license agreement

Aman Shukla — Thu, 28 Nov 2024 08:05:46 +0000

Lemon Tree Hotels Limited has announced the execution of a Termination Agreement on November 26, 2024. This agreement involves M/s STOA Hospitality (Owner), M/s Carnation Hotels Pvt. Ltd. (Operator) and Lemon Tree Hotels Limited (Licensor).

As per the agreement, the termination of the Hotel Operating and License Agreement will officially take effect on January 15, 2025. This development follows a previous disclosure made by the company on November 26, 2024.

In the exchange filing, the company shared, “We wish to inform that the Termination Agreement (‘Agreement’) has been executed between M/s STOA Hospitality (Owner); M/s Carnation Hotels Pvt. Ltd. (Operator) and M/s Lemon Tree Hotels Limited (Licensor) on 26.11.2024. The termination as per the said Agreement will come into effect from 15.01.2025.”

Lemon Tree Hotels shares in focus after termination of Aurika, Coorg agreements

Aman Shukla — Wed, 27 Nov 2024 04:20:57 +0000

Lemon Tree Hotels Limited shares jumped 0.070%after the company announced the mutual termination of the Hotel Operating Agreement (HOA) and License Agreement (LA) for Aurika, Coorg. Signed in 2017, these agreements involved STOA Hospitality, Lemon Tree Hotels, and its subsidiary, Carnation Hotels.

The termination, effective immediately, was reached amicably and is aligned with Lemon Tree’s strategic business decisions. The company assured stakeholders that this move would not significantly affect its net worth.

As of 9:50 am, Lemon Tree Hotels shares were trading 0.18% higher at Rs 128.24 on the NSE.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Lemon Tree Hotels Q2 results: Check share price ahead of Q2 results

Aditya Bhagchandani — Thu, 14 Nov 2024 06:16:14 +0000

Lemon Tree Hotels shares are currently trading at ₹118.65, up by 0.41% as the company gears up to announce its Q2 financial results. The stock has a 52-week high of ₹158.00 and a low of ₹111.80, with a total market capitalization of ₹9,400.00 crore. Market participants are closely watching the hospitality sector for insights into Lemon Tree Hotels’ post-pandemic recovery and growth strategy.

Lemon Tree Hotels shares jump 2% on signing new property in Maharashtra

Aman Shukla — Thu, 24 Oct 2024 05:07:44 +0000

Lemon Tree Hotels shares experienced a notable 2% increase in morning trade following the company’s announcement of its latest property: the Lemon Tree Hotel, Adalat Road, Aurangabad, Maharashtra.

This new hotel will be operated by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited, and is anticipated to open in fiscal year 2028.

On the trading front, Lemon Tree Hotels’ stock opened at ₹116.09, hitting a high of ₹118.20 and a low of ₹115.26 during the day. Currently, the stock’s 52-week high stands at ₹158.00, while the low is ₹100.75.