Lemon Tree Hotels Limited has informed the Exchange regarding a press release dated August 15, 2025, titled "Fleur Hotels Limited, Material Subsidiary of the Company, has received a Letter of Award ( LOA ) from Delhi Development Authority ( DDA ) on 14th August 2025 after being declared as successful bidder for License Rights of Prime Land Parcel located at Nehru Place, New Delhi for the purpose of Development and Operations of a 5 Star Hotel.".
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Lemon Tree Hotels' material subsidiary Fleur Hotels Limited has been declared the successful bidder for license rights of a 2.256-acre prime land parcel at Nehru Place, New Delhi, via an e-auction conducted by Delhi Development Authority (DDA). The land will be used to develop and operate a 5-star hotel branded 'Aurika, Nehru Place', marking the debut of Lemon Tree's upper upscale Aurika brand in the National Capital Region. The hotel will have 500+ keys, making it one of Delhi's largest, and will be modelled on the existing Aurika, Mumbai SkyCity property. The Letter of Award is valid for 12 months, and construction is set to begin shortly. No related party interests are involved, and the financial value of the contract was not disclosed.
This is a positive development for Lemon Tree Hotels as it expands its premium footprint into Delhi-NCR, a key hospitality market. The 500+ key project strengthens the company's upper upscale portfolio and adds a marquee asset in a high-demand location, potentially boosting long-term revenue and brand visibility, though short-term financial impact is limited as construction is yet to begin and no deal value was disclosed.