Lemon Tree Hotels Limited has informed the Exchange regarding a press release dated March 03, 2026, titled "The Company has signed a License Agreement viz. Lemon Tree Hotel, Rajendranagar, Hyderabad".
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Lemon Tree Hotels has signed a license agreement to open a new property called Lemon Tree Hotel in Rajendranagar, Hyderabad. The hotel will have 63 rooms along with a restaurant, banquet hall, meeting room, spa, fitness centre and swimming pool. It will be managed by Carnation Hotels, the company's wholly-owned subsidiary. The property is located about 22 km from Rajiv Gandhi International Airport. The company currently operates 120+ hotels across 80+ cities and has a pipeline of 130+ upcoming properties, with this signing adding to that expansion in the Telangana market.
This is a routine expansion announcement that reinforces Lemon Tree's growth strategy in Hyderabad but does not yet contribute to revenue since the hotel is in the signing stage and not operational. Minor positive sentiment for the stock on continued portfolio expansion.