Lemon Tree Hotels Limited has informed the Exchange regarding a press release dated February 27, 2026, titled "The Company has signed a License Agreement viz. Keys Prima by Lemon Tree Hotels, Akola, Maharashtra.".
LEMONTREE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Lemon Tree Hotels has signed a license agreement to open a new Keys Prima branded hotel in Akola, Maharashtra, featuring 55 rooms along with a restaurant, banquet hall, conference room, fitness centre, swimming pool and spa. The property will be managed by Carnation Hotels Private Limited, the company's wholly-owned subsidiary, under an asset-light model. With this addition, Lemon Tree's Maharashtra portfolio grows to 28 hotels (15 operational, 13 in the pipeline). Company-wide, Lemon Tree operates 120+ hotels across 80+ cities with 130+ more in the pipeline. The hotel is located about 265 km from Nagpur airport and 4.4 km from Akola Junction railway station, targeting business and trade travellers in the Vidarbha cotton-trading hub.
This is a routine expansion announcement under an asset-light (managed/franchised) model, so it requires little capital from the company and is unlikely to move the stock sharply. It signals continued execution of the company's growth strategy in tier-2/3 markets and steady pipeline build-up, which is mildly positive for long-term investors tracking the brand's expansion.