Lemon Tree Hotels Limited has informed the Exchange regarding a press release dated Jun 19, 2025, titled "Lemon Tree Hotels has signed a License Agreement viz Lemon Tree Resort, Limbodagari, Madhya Pradesh".
LEMONTREE · price
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Awaiting price reaction for this filing.
Lemon Tree Hotels has signed a License Agreement for a new property — Lemon Tree Resort at Limbodagari in Madhya Pradesh's Indore district. The resort will have 60 rooms along with a restaurant, banquet hall, swimming pool, fitness center, and spa. It will be operated under a management contract by Carnation Hotels, Lemon Tree's wholly-owned subsidiary, rather than being owned directly. The company highlighted that this adds to its existing 4 hotels and 7 upcoming properties in Madhya Pradesh. Lemon Tree's overall portfolio stands at over 220 hotels, including 110+ operational and 100+ in the pipeline.
This is a routine portfolio expansion through a managed/franchise model, which is asset-light and adds to future revenue visibility without significant capital outlay. The impact on stock price is likely neutral to mildly positive, consistent with the company's ongoing expansion strategy rather than a material event.