Lemon Tree Hotels Limited has informed the Exchange regarding a press release dated Jun 26, 2025, titled "Disclosure under Regulation 30 of SEBI (LODR), 2015 that the Company has signed a License Agreement viz Lemon Tree Suites, Nashik, Maharashtra".
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Awaiting price reaction for this filing.
Lemon Tree Hotels has signed a license agreement to open a new property called Lemon Tree Suites in Nashik, Maharashtra. The hotel will feature 135 suites along with a restaurant, banquet, lounge, meeting room, swimming pool, fitness centre and spa. It will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels. The property is well-connected, located about 27 km from Nashik International Airport and 12 km from Nashik Railway Station. The company already operates 14 hotels in Maharashtra and has six more in the pipeline, making this addition part of its ongoing expansion strategy.
This is a routine expansion update that strengthens Lemon Tree's managed-business portfolio in Maharashtra but is unlikely to move the stock significantly on its own, as no revenue value or timeline was disclosed. Investors should view it as incremental progress on the company's growth strategy rather than a major catalyst.