Lemon Tree Hotels Limited has informed the Exchange regarding a press release dated May 30, 2025, titled "Lemon Tree Hotels signs two new properties in Gujarat & Haryana".
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Lemon Tree Hotels has signed two new properties under management agreements: Lemon Tree Premier in Somnath, Gujarat with 70 rooms, and Keys Lite by Lemon Tree Hotels in Ambala, Haryana with 44 rooms, adding 114 rooms to its pipeline. Both hotels will be managed by Carnation Hotels, a wholly-owned subsidiary of the company. This is an asset-light expansion as the company does not own these properties but will earn management fees. Lemon Tree currently has a portfolio of 210+ hotels with over 110 operational and 100+ in the pipeline, including 12 operational and 16 pipeline hotels in Haryana, and 9 operational hotels in Gujarat.
This is a routine portfolio expansion via management contracts and is mildly positive for long-term revenue visibility, but no immediate material impact on near-term earnings as these properties are yet to be built and operational. Shareholders should view this as incremental brand and footprint growth.