April 25, 2022
National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East)
Mumbai - 400 051
Name of Scrip: LEMONTREE
BSE Limited
Phiroze Jeejeebhoy Towers Dalal Street, Mumbai - 400 001
BSE Scrip Code: 541233
Sub:
Disclosure
under
Regulation
Requirements) Regulations, 2015
Dear Sir
30 of SEBI
(Listing Obligations
&
Disclosure
With reference to the captioned subject, we would like to inform you that the Company has signed a License Agreement for a 60 room hotel at Kharar, near Chandigarh under the
Company's
brand "Lemon
November, 2025.
Tree Hotel". The hotel is expected to be operational by
Carnation Hotels Private Limited, a subsidiary and the hotel management arm of the Company will be operating and marketing this hotel.
Please find attached herewith the copy of the press release.
Further, it is hereby informed that Franchise License Agreement of Keys Lite by Lemon Tree Hotels, Apple Nest, Manali (22 room Hotel) has been terminated with mutual consent of the parties.
Please take the above intimation on record.
Thanking you,
NikhikSethi "sc _>
Ne
AVP Légal & Group Company Secretary And Compliance Officer
Lemon Tree Hotels Limited
(CIN No. L74899DL1992P1.C049022)
Registered Office: Asset No. 6, Aerocity Hospitality District, New Delhi-110037
T +91 11 4605 0101 | F +91
11 46050110 | Ehi@lemontreehotels.com
Central Reservation: +91 9911 701
701 |www.lemontreehotels.com
Lemon Tree Hotels signs a new property in Kharar near
Chandigarh
New Delhi, 25 April 2022: Lemon Tree Hotels Limited announced its latest hotel signing - Lemon Tree Hotel, Kharar, near Chandigarh. This hotel, owned by M/s Omni Pacific Colonisers Pvt. Ltd. is expected to open by November 2025, and shall
be | Hotels Private | the |
arm | Limited. | |
of |
Positioned in the urban region of Punjab, it is among the 4 blocks
managed by Carnation of Lemon Tree Hotels
Limited, a subsidiary and
management
Sahibzada Ajit
Singh Nagar district. Kharar is a fast-growing business and cultural hub in Punjab
that has many tourist attractions to explore.
From
Gurudwaras
and temples to
amusement parks, gardens, lakes, and sanctuaries, the city has everything to delight a traveler.
Located in the Mohali region, this property will feature 60 well-appointed rooms, complemented by a multi-cuisine restaurant and a bar. It will also have a conference room, banquet facility, a spa and a fitness centre for recreation.
Speaking on the occasion, Mr. Vikramjit Singh, President, Lemon Tree Hotels, commented, "We are delighted to expand our reach in Punjab with our valued partner M/s Omni Pacific Colonisers Pvt. Ltd. This state holds immense business and tourism potential, and is a preferred destination for both business and leisure travellers. With our widespread reach, we feel that this hotel will add value to our customers.
ABOUT LEMON TREE HOTELS LIMITED
Lemon Tree Hotels Limited is India's largest hotel chain in the mid-priced hotel sector, and the third largest overall, on the basis of controlling interest in owned and leased rooms, as of June 30, 2017, according to the Horwath Report. We operate in the upscale segment and in the mid-market sector, consisting of the upper-midscale, midscale and economy segments. We deliver differentiated yet
superior service offerings, with
a value-for-money proposition.
operates ~8,350 rooms in 85 hotels across 52 destinations, in India and under its various brands viz. Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox Hotels, Keys Prima, Keys Select and Keys Lite. As the current pipeline becomes operational, ~10,600 rooms in 108 hotels across 64 destinations, in India and abroad shall be operated under the LTHL brands.
LTHL opened its first hotelwith 49 rooms in May 2004
and currently abroad,
Lemon Tree Hotels, including Keys Hotels, are located across India, in metro regions including the NCR, Mumbai, Kolkata, Bengaluru, Hyderabad and Chennai, as well as numerous other tier I and II cities such as Pune, Ahmedabad, Chandigarh, Jaipur,
Indore,
Aurangabad,
Udaipur,
Vishakhapatnam,
Kochi,
Ludhiana,
Thiruvananthapuram and Vijayawada.The company expanded internationally with
hotels
opening in Dubai in December 2019 and in Bhutan in February 2020. New
hotels are also set to open internationally in Bhutan and Nepal.
To know more, visit lemontreehotels.com | aurikahotels.com | keyshotels.com
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Lemon Tree Hotels Ltd. published this content on 25 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 April 2022 13:28:03 UTC.