Lemon Tree Hotels Limited has informed the Exchange regarding a press release dated December 29, 2025, titled "Execution of a Hotel Operating Agreement by Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels Limited".
LEMONTREE · price
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Awaiting price reaction for this filing.
Lemon Tree Hotels announced that its wholly-owned subsidiary, Carnation Hotels Private Limited, has signed a Hotel Operating Agreement for an upcoming 228-room hotel in Tirupati, Andhra Pradesh. The property will operate under the 'Lemon Tree Suites' brand, subject to a license agreement being executed after receipt of the Occupation/Completion Certificate. Amenities will include a restaurant, banquet and meeting rooms, swimming pool, and spa. The hotel is located about 10 km from Tirupati International Airport and 6.3 km from the railway station, tapping into the high-traffic pilgrimage tourism around Sri Venkateswara Temple. Lemon Tree currently has six operational and three upcoming hotels in Andhra Pradesh, and operates 120+ hotels across 80+ cities with a pipeline of 120+ upcoming properties.
This is a positive pipeline expansion that strengthens Lemon Tree's presence in the spiritual/pilgrimage tourism segment, though the hotel is not yet operational and financial impact remains future-dated. Short-term stock impact is likely neutral; long-term impact depends on room tariffs and occupancy once the property opens.