Lemon Tree Hotels Limited has informed the Exchange regarding a press release dated May 18, 2026, titled "The Company has signed a Franchise Agreement viz. Keys Prima by Lemon Tree Hotels, Karnal".
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Lemon Tree Hotels has signed a franchise agreement for a new property, Keys Prima by Lemon Tree Hotels, in Karnal, Haryana. The hotel will have 50 rooms, a restaurant, banquet & conference hall, swimming pool, and fitness centre. With this signing, Lemon Tree Hotels expands its Haryana portfolio to 13 hotels (11 operational and 2 upcoming), strengthening its presence along the Delhi–Chandigarh commercial highway corridor. The property is located approximately 127 km from Chandigarh airport and 4.2 km from Karnal Railway Station.
The signing adds one more property to Lemon Tree's growing portfolio and aligns with its strategy to expand in high-growth regional and transit markets, though a single 50-room hotel addition is modest relative to the company's overall scale.