Lemon Tree Hotels Limited — Important, 31-01-2025: General Updates

M/s Arum Hotels Private Limited, a fully owned subsidiary of Lemon Tree Hotels, has executed a Concession Agreement with the Meghalaya Tourism Development Corporation for the redevelopment, operation, and maintenance of the Orchid Hotel in Shillong. This project, set to operate under a Public Private Partnership, aims for the hotel to be branded as Aurika. This strategic initiative enhances Lemon Tree's footprint in the tourism sector and opens avenues for revenue generation. Investors may view this as a positive outlook for the company’s expansion plans in the hospitality sector.