Lemon Tree Hotels Limited has informed the Exchange about General Updates Signing of License Agreement - Lemon Tree Hotel, Jaipur, Rajasthan
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Lemon Tree Hotels has signed a license agreement to open a new hotel in Jaipur, Rajasthan, to be managed by its wholly-owned subsidiary Carnation Hotels. The property will feature 66 rooms along with a restaurant, banquet, meeting room, swimming pool, and fitness center. It is expected to begin operations in FY 2027. The hotel is located near Jaipur International Airport (about 500 meters away). This adds to Lemon Tree's existing portfolio of 10 operational hotels and 6 upcoming properties in Rajasthan.
This is a routine business expansion under the company's managed/franchise model, adding future inventory to its pipeline but with no immediate revenue impact since operations begin in FY27. It is mildly positive for long-term growth visibility but unlikely to move the stock materially in the short term.