Lemon Tree Hotels Limited has informed the Exchange regarding a press release dated January 30, 2026, titled "Fleur Hotels Limited (material subsidiary of the Company) has signed a License Deed for a Heritage Hotel at Varanasi for a term of 28 years".
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Lemon Tree Hotels' material subsidiary, Fleur Hotels Limited, has signed a License Deed for a heritage hotel in Varanasi. The agreement is for a long-term period of 28 years. The announcement was made via a press release dated January 30, 2026. Varanasi is a major cultural and tourist destination in India, making it a strategically attractive location. No specific investment value, management fee structure, or room count has been disclosed in this filing.
This expands Lemon Tree's footprint into the heritage hospitality segment in a high-demand tourist city, which could support future revenue growth. However, without disclosed financial terms, the immediate impact on earnings or stock price is limited.