Lemon Tree Hotels Limited has informed the Exchange regarding a press release dated Jun 20, 2025, titled "Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 for execution of Hotel Operating Agreement by Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels Limited. ".
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Awaiting price reaction for this filing.
Lemon Tree Hotels' wholly-owned subsidiary Carnation Hotels Private Limited has signed a Hotel Operating Agreement (HOA) for an upcoming 336-suite hotel in Greater Noida, Uttar Pradesh. The property will operate under the 'Lemon Tree Suites' brand once the brand licence agreement is executed, which is pending receipt of the Occupation/Completion Certificate. The hotel will feature restaurants, a bar, banquet space, swimming pool, spa, and fitness centre, and is located about 39 km from Delhi's IGI Airport. This new signing is in addition to Lemon Tree's 7 existing and 10 upcoming hotels in Uttar Pradesh, and adds to its overall portfolio of 220+ hotels (110+ operational).
This is a routine managed/franchise expansion announcement consistent with the company's growth strategy. It's incrementally positive for long-term revenue visibility, but being a single mid-sized property signing without disclosed financials, it is unlikely to be a material catalyst for the stock in the near term.