Lemon Tree Hotels Limited has informed the Exchange regarding a press release dated Jun 23, 2025, titled "Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 w.r.t. Signing of Franchise Agreement - Keys Lite by Lemon Tree Hotels, Kharar, Punjab.".
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Lemon Tree Hotels has signed a franchise agreement for a new property in Kharar, Punjab under its 'Keys Lite by Lemon Tree Hotels' economy brand. The upcoming hotel will have 47 rooms along with a restaurant, banquet, meeting room, fitness centre, swimming pool and spa. The property is located about 26 km from Chandigarh airport and 28 km from Chandigarh railway station. This signing adds to Lemon Tree's existing portfolio of over 220 hotels (110+ operational and 100+ in the pipeline) and is in addition to its 2 existing and 7 upcoming hotels in Punjab. The signing is part of the company's ongoing expansion across tier II, III and IV cities in India.
This is a routine franchise signing announcement rather than a major new contract, so the direct impact on near-term revenue or stock price is limited. It signals continued steady expansion of the Keys Lite brand in smaller cities, which is broadly positive for long-term growth but not a material catalyst on its own.