Termination of Hotel Agreements for Lemon Tree Wildlife Resorts, Kanha
LEMONTREE · price
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On the reaction day the stock moved 1.5 pts less than Nifty Smallcap 250 and 1.1 pts less than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Lemon Tree Hotels has mutually terminated the Hotel Operating Agreement and License Agreement for Lemon Tree Wildlife Resorts, Kanha. The agreements involved owner Rohit Dyechem Private Limited and operator Carnation Hotels Private Limited. Original deals were signed in October 2022, with amendments in July 2024. The company states this termination will have no significant financial impact.
Minimal impact expected as the company confirms no significant financial effect from this mutual termination.