Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015- Press Release- The Company has signed a License Agreement viz. Lemon Tree Hotel, Ahilyanagar.
LEMONTREE · price
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Lemon Tree Hotels has signed a License Agreement to open a new property in Ahilyanagar, Maharashtra, marking its 30th property in the state. The hotel will feature 95 rooms along with a restaurant, banquet hall, meeting room, swimming pool, spa, and fitness centre. The property will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary. The company sees Ahilyanagar as a high-growth hub serving both corporate/defence-related travel and pilgrimage routes to Shirdi and Shani Shingnapur. Located about 8 km from Ahilyanagar Railway Station and 119 km from Pune Airport, this signing reinforces Lemon Tree's expansion into India's key travel corridors.
The new signing demonstrates continued expansion momentum with a growing pipeline of 130+ upcoming properties across India. However, a single 95-room hotel in a tier city is unlikely to materially impact near-term financials or stock performance.