Lemon Tree Hotels Limited has informed the Exchange regarding a press release dated February 24, 2026, titled "The Company has signed a License Agreement viz. Lemon Tree Hotel, Najibabad, Uttar Pradesh".
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Awaiting price reaction for this filing.
Lemon Tree Hotels has signed a license agreement to open a 100-room hotel in Najibabad, Uttar Pradesh, managed by its wholly-owned subsidiary Carnation Hotels. This is the company's 25th property in the state, with 8 currently operational and 17 in the pipeline including this new one. The hotel will include a restaurant, banquet hall, conference room, fitness centre, swimming pool, and spa. Najibabad is positioned as a gateway to Haridwar, Rishikesh, and Jim Corbett National Park, tapping into pilgrimage and wildlife tourism demand. The group now operates 120+ hotels across 80+ cities and has a pipeline of 130+ upcoming properties.
This is a routine expansion announcement that reinforces the company's growth trajectory in tier II/III markets and Uttar Pradesh, but a single license agreement is unlikely to move the stock meaningfully in the short term.