Lemon Tree Hotels Limited has informed the Exchange regarding a press release dated May 15, 2026, titled "The Company has signed a License Agreement viz. Lemon Tree Hotel, Satya Nagar, Bhubaneswar".
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Lemon Tree Hotels has signed a license agreement for a new property in Bhubaneswar, Odisha, marking its third hotel in the city. The property will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary. The upcoming hotel will feature 50 well-appointed rooms along with amenities including a restaurant, banquet hall, meeting room, swimming pool, spa, and fitness center. The hotel is strategically located approximately 5.4 km from Biju Patnaik International Airport and 3.2 km from Bhubaneswar Railway Station. This signing follows the recent launch of the company's second operational hotel in Bhubaneswar, reinforcing its growing presence in Odisha's hospitality market.
This new hotel signing demonstrates Lemon Tree Hotels' continued expansion strategy in high-opportunity urban markets, adding to its growing portfolio of 130+ operational hotels and 130+ upcoming properties.