Lemon Tree Hotels Limited has informed the Exchange regarding a press release dated Jun 25, 2025, titled "Disclosure under Regulation 30 of SEBI (LODR), 2015 that the Company has signed a License Agreement viz Lemon Tree Premier, Surat, Gujarat".
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Lemon Tree Hotels has signed a License Agreement to open a new property branded 'Lemon Tree Premier' in Surat, Gujarat. The 108-room hotel will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of the company. Amenities will include a restaurant, banquet, meeting room, swimming pool, gym, and spa. This signing adds to Lemon Tree's existing nine operational and seventeen upcoming hotels/resorts in Gujarat. The Surat property is strategically located about 11 km from the airport and 9.5 km from the railway station. Lemon Tree's overall portfolio stands at over 220 hotels, with more than 110 currently operational and over 100 in the pipeline.
This is a routine expansion announcement that reinforces Lemon Tree's growth strategy in Tier II/III cities and Gujarat specifically. The signing itself does not materially impact near-term revenue, as the hotel will take time to become operational, but it supports the company's long-term expansion pipeline of 100+ upcoming properties.