Lemon Tree Hotels Limited has informed the Exchange regarding a press release dated March 05, 2026, titled "The Company has signed a License Agreement viz. Lemon Tree Hotel, Barog, Himachal Pradesh".
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Awaiting price reaction for this filing.
Lemon Tree Hotels has signed a License Agreement for a new 49-room hotel in Barog, Himachal Pradesh, to be managed by its wholly-owned subsidiary Carnation Hotels. The property will include a restaurant, banquet hall, meeting room, spa, swimming pool and fitness centre. This marks the company's 10th property in Himachal Pradesh and aligns with its strategy of expanding into leisure micro-markets in North India. The group currently operates 120+ hotels across 80+ cities with a pipeline of 130+ upcoming properties, growing towards 260+ properties overall.
This is a routine expansion announcement and not an owned asset, so immediate financial impact is limited. It signals continued portfolio growth in the leisure segment but is unlikely to move the stock on its own.