Lemon Tree Hotels Limited has informed the Exchange regarding a press release dated March 09, 2026, titled "The Company has signed a License Agreement viz. Lemon TreeHotel, Gorakhpur, Uttar Pradesh".
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Awaiting price reaction for this filing.
Lemon Tree Hotels has signed a License Agreement to open a new property called Lemon Tree Hotel in Gorakhpur, Uttar Pradesh. The hotel will have 76 rooms along with a restaurant, banquet hall, meeting room, spa, swimming pool and fitness centre. It will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary. With this addition, the company now has 26 hotels in Uttar Pradesh (8 operational and 18 in the pipeline). Lemon Tree currently operates 120+ hotels across 80+ cities in India and abroad, with 130+ properties in the pipeline.
This is a routine expansion announcement that adds to Lemon Tree's growth pipeline but is not financially material on its own. Positive for long-term growth visibility, though no immediate revenue impact; the stock is unlikely to move meaningfully on this news.