Press Release -The Company has signed a Franchise Agreement viz. Keys Prima by Lemon Tree Hotels, Karnal
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Lemon Tree Hotels has signed a franchise agreement to open 'Keys Prima by Lemon Tree Hotels' in Karnal, Haryana. The hotel will feature 50 well-appointed rooms along with a restaurant, banquet & conference hall, swimming pool, and fitness centre. With this signing, Lemon Tree Hotels expands its Haryana portfolio to 13 hotels (11 operational + 2 upcoming). Karnal is strategically located along the Delhi-Chandigarh commercial highway corridor, making it a key transit and economic hub with growing demand for branded hospitality. The property is located approximately 127 km from Chandigarh airport and 4.2 km from Karnal Railway Station.
This franchise agreement represents routine business expansion for Lemon Tree Hotels and strengthens its presence in North India along a high-traffic commercial corridor. The signing is positive for long-term revenue growth but does not represent a material near-term financial event for shareholders.