Lemon Tree Hotels Limited has informed the Exchange regarding a press release dated January 19, 2026, titled "Company has signed a License Agreement viz. Keys Select by Lemon Tree Hotels, Khurpatal, Uttarakhand.".
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Lemon Tree Hotels has signed a License Agreement to open a new hotel under its mid-scale 'Keys Select by Lemon Tree Hotels' brand in Khurpatal, Uttarakhand. The announcement is based on a press release dated January 19, 2026. No details on number of rooms, investment, or the licensing partner have been disclosed in this filing. The agreement reflects the company's asset-light expansion strategy, where it earns fees without owning the property. Khurpatal is an emerging leisure destination near Nainital, which could help the company tap into the tourism segment in the region.
Marginally positive for shareholders as it signals continued brand expansion without significant capital outlay, but the lack of financial details means limited immediate impact on earnings. Investors should watch for future disclosures on room inventory and expected revenue contribution.