Lemon Tree Hotels ends franchise deal for Bareilly hotel
LEMONTREE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.4 pts less than Nifty Smallcap 250 and 1.0 pts less than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Lemon Tree Hotels has mutually terminated the franchise agreement with Sparsh Inn LLP for the 'Keys Select by Lemon Tree Hotels' brand for an upcoming hotel in Bareilly, Uttar Pradesh. The agreement was signed in May 2024. The hotel was not yet operational and the company states there is no material financial impact from the termination.
No material financial impact as the hotel was not yet operational. Existing business continues unaffected.