Lemon Tree Hotels Limited has informed the Exchange regarding a press release dated November 04, 2025, titled "The Company has signed a License Agreement viz. Lemon Tree Hotel, Bhavnagar, Gujarat".
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Lemon Tree Hotels has signed a license agreement to open a new property — Lemon Tree Hotel, Bhavnagar, Gujarat — managed by its wholly-owned subsidiary Carnation Hotels Private Limited. The upcoming hotel will have 70 rooms, a restaurant, a banquet hall, a meeting room, a swimming pool and a spa. With this addition, the company will have 10 operational and 19 upcoming properties in Gujarat. Lemon Tree currently operates 120+ hotels across 80+ cities in India and abroad, with a pipeline of 120+ upcoming properties.
This is a routine business expansion update under a managed/franchise model and is not expected to materially impact near-term revenue or stock price. It signals continued portfolio growth, particularly in tier-II/III cities, which supports the company's long-term growth story.