Lemon Tree Hotels Limited has informed the Exchange regarding a press release dated May 05, 2026, titled "The Company has signed a License Agreement viz. Lemon Tree Hotel, Ahilyanagar".
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Lemon Tree Hotels has signed a License Agreement for Lemon Tree Hotel, Ahilyanagar, marking its 30th property in Maharashtra. 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 highlights Ahilyanagar's growing demand from corporate, defence-related travel, and spiritual tourism to nearby destinations like Shirdi. Located approximately 8 km from Ahilyanagar Railway Station and 119 km from Pune Airport, this expansion reinforces the company's presence in high-growth regional hubs.
This new signing demonstrates continued portfolio expansion in Maharashtra but represents a standard new property addition rather than a contract of material financial significance. The announcement is routine for a hospitality company with 130+ operational hotels and a pipeline of similar size.