Lemon Tree Hotels Limited has informed the Exchange about General Updates on Signing of License Agreement - Keys Select by Lemon Tree Hotels, Siliguri, West Bengal

Lemon Tree Hotels has signed a new license agreement to open a Keys Select branded hotel in Siliguri, West Bengal. Under a license agreement, Lemon Tree gives the property owner the right to use its brand and operating systems, in exchange for license and management fees, without owning the property itself. The Keys Select brand is positioned in the mid-scale segment of the company's portfolio. This addition will expand the company's branded presence in eastern India. The financial impact comes from recurring fees rather than room revenue, and depends on the property's operating performance.