Lemon Tree Hotels Limited has informed the Exchange regarding a press release dated August 25, 2025, titled "Company has signed a License Agreement viz. Keys Select by Lemon Tree Hotels, Mhasrul, Nasik".
LEMONTREE · price
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Awaiting price reaction for this filing.
Lemon Tree Hotels has signed a License Agreement for a new property called 'Keys Select by Lemon Tree Hotels' in Mhasrul, Nashik. The hotel will have 50 rooms, a restaurant, and a banquet facility, and will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary. The property is located near Nashik International Airport (16 km) and the railway station (15 km), in an area developing as an industrial belt with presence of companies like Reliance and Godrej. The company currently operates 14 hotels in Maharashtra with 9 more in the pipeline, and the group overall has 110+ operational hotels across 75+ cities plus 110+ upcoming properties.
This is a routine expansion announcement that reinforces Lemon Tree's growing footprint in Maharashtra but is a single mid-sized property addition with no disclosed financial impact, so material stock movement is unlikely on this news alone.