Lemon Tree Hotels Limited has informed the Exchange regarding a press release dated April 02, 2026, titled "The Company has signed a License Agreement viz. Lemon Tree Hotel, Simara, Nepal".
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Lemon Tree Hotels has signed a license agreement to open a new Lemon Tree Hotel in Simara, Nepal. The property will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary. The hotel will feature 98 rooms, a multi-cuisine restaurant, lounge, banquet and conference facilities, plus wellness amenities including a swimming pool, spa, and fitness centre. Located just 2 km from Simara Airport, this becomes the company's 7th property in Nepal (2 operational and 5 upcoming). The company views Nepal as a structurally attractive market with demand expanding beyond traditional destinations into gateway and transit-led cities.
This expansion signals continued growth in the regional portfolio and strengthens Lemon Tree's presence in Nepal's emerging commercial and transit hubs. For shareholders, this represents incremental pipeline growth though the financial impact of a single 98-room property is relatively modest.