Lemon Tree Hotels Limited has informed the Exchange regarding 'Termination of Hotel Operating Agreement and License -Lemon Tree Hotel, Tarudhan Valley, Manesar'.
LEMONTREE · price
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Lemon Tree Hotels Limited has announced the mutual termination of its Hotel Operating Agreement and License Agreement for the Lemon Tree Hotel at Tarudhan Valley, Manesar. The agreements were originally executed on July 28, 2015 between the company, Carnation Hotels Pvt. Ltd. (Operator), and Coronet Hotel Services and Supplies Pvt. Ltd. (Owner). All parties have mutually agreed to end these contracts as of April 30, 2026. The company has explicitly stated that there is no significant financial impact on the company arising from this termination, indicating the hotel property had limited contribution to overall operations.
The termination has minimal impact on shareholders as the company has confirmed no significant financial implications. The delisting of one property from their portfolio may slightly reduce future revenue, but the negligible impact suggests this was a minor or underperforming asset.