Lemon Tree Hotels Limited — Important, 21-03-2025: General Updates

Lemon Tree Hotels has signed license agreements for two new properties: Keys Select by Lemon Tree Hotels in Vrindavan, Uttar Pradesh, and in Navsari, Gujarat. The Vrindavan property will feature 54 rooms, a restaurant, a banquet, a swimming pool, and other amenities, with an expected opening in FY 2026. The Navsari location, also with 54 rooms and a restaurant, is projected to open in FY 2028. Both hotels will be managed by Carnation Hotels Private Limited. This expansion underscores Lemon Tree's commitment to growing its portfolio in key Indian markets, presenting potential growth opportunities for investors looking at the hospitality sector.