Lemon Tree Hotels Limited has signed two License Agreements for new hotel properties, disclosed under Regulation 30 of SEBI Listing Regulations.

Property Details

Lemon Tree Premier, Madurai:

  • 100 well-appointed rooms
  • Facilities include restaurant, banquet hall, meeting/conference room, swimming pool, and fitness center
  • Located in Madurai, Tamil Nadu - a prominent cultural and commercial center
  • Approximately 14 km from Madurai Airport (30 minutes travel time)
  • Approximately 3 km from Madurai Railway Station (9 minutes travel time)

Keys Select by Lemon Tree Hotels, Mcleodganj:

  • 45 well-appointed rooms
  • Facilities include restaurant, meeting/conference room, swimming pool, fitness center, and recreational facilities
  • Located in Mcleodganj, Himachal Pradesh
  • Approximately 24 km from Kangra Airport, Gaggal
  • Approximately 90 km from Pathankot Railway Station

Management Structure

Both properties will be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels Limited.

Portfolio Impact

Tamil Nadu Portfolio:

  • The Madurai signing expands Lemon Tree's presence in Tamil Nadu to eight properties total
  • Includes five operational hotels and three upcoming developments

Himachal Pradesh Portfolio:

  • The Mcleodganj signing brings the group's portfolio in Himachal Pradesh to twelve hotels
  • Includes four operational properties and eight upcoming properties

Strategic Context

According to Mr. Vishvapreet Singh Cheema, President of Lemon Tree Hotels Ltd., the Madurai signing supports the company's strategy of "deepening our footprint across South India's high-potential urban markets." The Mcleodganj signing reflects the company's "strong confidence in the state's long-term tourism potential" and supports the strategy of "expanding across high-potential leisure hubs."

Company Background

Lemon Tree Hotels Limited operates seven distinct brands across various segments: Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox, Keys Prima, Keys Select, and Keys Lite. The group currently operates 130+ hotels across 80+ cities in India and abroad, with a pipeline of 140+ upcoming properties. The total portfolio comprises 270+ properties (operational and upcoming).