Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015- Press Release- The Company has signed a License Agreement viz. Lemon Tree Hotel, Satya Nagar, Bhubaneswar.
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Lemon Tree Hotels Limited has signed a License Agreement for a new property in Bhubaneswar, Odisha. The hotel will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of the company. The property will feature 50 well-appointed rooms along with a restaurant, banquet hall, meeting room, swimming pool, spa, and fitness center. This marks the company's third property in Bhubaneswar, with this signing coming immediately after the launch of their second operational hotel in the city. The hotel is strategically located approximately 5.4 km from Biju Patnaik International Airport and 3.2 km from Bhubaneswar Railway Station. The company currently operates 130+ hotels across 80+ cities with a pipeline of 130+ upcoming properties.
This new property signing demonstrates Lemon Tree Hotels' continued expansion strategy in high-growth urban markets. For shareholders, this represents incremental growth in the company's room inventory and presence in Odisha's emerging hospitality market, though the revenue impact from a single 50-room property is likely modest at this stage.