Lemon Tree Hotels Limited has informed the Exchange about Awarding of order(s)/contract(s)
LEMONTREE · price
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Awaiting price reaction for this filing.
Lemon Tree Hotels' material subsidiary Fleur Hotels has been declared the successful bidder by Delhi Development Authority (DDA) for a 2.256-acre prime land parcel at Nehru Place, New Delhi, to develop a 5-star hotel. The hotel, to be branded 'Aurika, Nehru Place', will have 500+ rooms, making it one of Delhi's largest hotels and the debut of Lemon Tree's upper upscale Aurika brand in the National Capital Region. The Letter of Award is valid for 12 months and construction is set to begin shortly. This adds to Lemon Tree's existing presence in NCR and strengthens its position in India's hospitality market. The total contract value or license fee amount has not been disclosed in the filing.
Positive for shareholders — this is a strategic expansion into a high-demand micro-market (Nehru Place, Delhi) under a premium brand, adding scale to Lemon Tree's portfolio. Lack of disclosed financial terms means investors should watch for further updates on project cost and licensing fees.