LEMONTREENSELemon Tree Hotels LimitedMediumPositive
Announced Wed, 1 Apr · 23:06 IST

Lemon Tree Hotels Limited has informed the Exchange regarding a press release dated April 01, 2026, titled "The Company has signed a License Agreement viz. Keys Prima by Lemon Tree Hotels, Srinagar.".

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Price reaction · full curve 14 horizons · vs prior close
+1.6%1-day move
₹107.62
prior close
₹105.00
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AI summary

Lemon Tree Hotels has signed a License Agreement for Keys Prima by Lemon Tree Hotels in Srinagar, Jammu & Kashmir. The property will feature 60 well-appointed rooms along with a restaurant, banquet hall, conference room, swimming pool, and fitness centre. Located just 2 km from Srinagar International Airport and 11 km from the railway station, this is the sixth Lemon Tree Hotel in the Jammu & Kashmir cluster. The hotel will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary. This expansion strengthens the company's regional presence in a high-potential leisure market with growing domestic tourism.

Likely market impact

Positive for shareholders as the company continues its asset-light growth model and expands its footprint in the strategically important Jammu & Kashmir tourism market.