Lemon Tree Hotels Limited — Important, 04-04-2025: General Updates

Lemon Tree Hotels has announced a board meeting to discuss the signing of a License Agreement for the Lemon Tree Hotel in Vrindavan, Uttar Pradesh, which will be managed by its wholly-owned subsidiary, Carnation Hotels Private Limited. The hotel, planned to open in FY 2029, will feature 120 rooms along with various amenities including a restaurant, banquet facilities, and a spa.

This strategic expansion into a major pilgrimage destination positions Lemon Tree Hotels for future growth, enhancing its footprint in Uttar Pradesh alongside its existing properties. The outlook is positive as this move is likely to attract both leisure and pilgrimage traffic, signaling stronger revenue potential in the long term. Investors might see this as an opportunity for growth, considering the cultural significance and evolving tourism potential of the region.