Lemon Tree Hotels Limited has informed the Exchange regarding a press release dated July 10, 2025, titled "Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 that the Company has signed two license agreements viz Lemon Tree Premier, Navi Mumbai, Maharashtra and Lemon Tree Hotel, Jalgaon, Maharashtra.".
LEMONTREE · price
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Lemon Tree Hotels has signed two new license agreements for Lemon Tree Premier, Navi Mumbai (67 rooms) and Lemon Tree Hotel, Jalgaon (100 rooms), adding 167 rooms to its pipeline. Both properties will be managed by Carnation Hotels Private Limited, the company's wholly-owned subsidiary. The properties will feature restaurants, banquet halls, meeting rooms, swimming pools, fitness centers, and a spa. CFO Kapil Sharma noted this strengthens the company's presence in Maharashtra, where it currently operates 14 hotels with 7 more under development. The company's overall portfolio stands at over 220 hotels, including 110+ operational and 100+ in the pipeline.
This is a routine expansion announcement that adds to Lemon Tree's growth pipeline but does not impact current revenue. These are management contracts (not owned properties), so the financial contribution will depend on future operating performance. No immediate material impact on stock price is expected, though it signals continued execution of the company's expansion strategy.