Lemon Tree Hotels Limited has informed the Exchange about Press Release dated June 11, 2025, titled "Lemon Tree Hotels signed a License Agreement viz Lemon Tree Premier, Mhow, Madhya Pradesh.
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Lemon Tree Hotels has signed a license agreement for a new 72-room hotel under its 'Lemon Tree Premier' brand in Mhow (Dr. Ambedkar Nagar), Madhya Pradesh. The property will be managed by Carnation Hotels, the company's wholly-owned subsidiary, and will include a restaurant, meeting room, banquet hall, swimming pool, spa, and other amenities. The hotel is about 30 km from Indore Airport and 29 km from Indore Railway Station. The company highlighted that this adds to four existing operational hotels in Madhya Pradesh, with six more properties in the pipeline in the state.
This is a routine expansion announcement that strengthens Lemon Tree's footprint in Madhya Pradesh, a state it identifies as a growing hub for wellness, spiritual, and heritage tourism. No financial figures were disclosed, and the signing is not yet operational, so near-term impact on stock price or earnings is limited.