Lemon Tree signs new hotel in Janakpur, Nepal - 8th property in country

LEMONTREE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+0.6%1-day move

₹118.70

prior close

₹120.00

base price

After-mkt

timing

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+0.1+0.8+0.5-0.1+0.6+0.4-2.1-1.6-0.2+0.2-4.1-6.7——

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AI summary

Lemon Tree Hotels signed a license agreement for Lemon Tree Hotel, Janakpur in Nepal, to be managed by its wholly-owned subsidiary Carnation Hotels. The 85-room property will include a restaurant, banquet hall, bar lounge, pool, spa and fitness centre. This takes the group's Nepal portfolio to 8 properties (3 operational, 5 in pipeline) and overall international portfolio to 11 properties across Nepal, Bhutan and Dubai. Group operates 130 plus hotels across 80 plus cities with 140 plus upcoming properties.

Likely market impact

Positive pipeline addition signalling international expansion; not yet revenue-generating as hotel is in pipeline stage.