Lemon Tree Hotels Limited has received the detailed order from the Competition Commission of India (CCI) regarding the acquisition of equity shares of its material subsidiary, Fleur Hotels Limited, and the internal restructuring of the company group. The approval was granted under Section 31(1) of the Competition Act, 2002, on May 22, 2026.

Transaction Details

The regulatory approval covers two primary actions. First, it sanctions the acquisition of certain equity shares of Fleur Hotels Limited by Coastal Cedar Investments B.V. Second, it permits the internal restructuring of the Lemon Tree Hotels group through amalgamations and demerger. This restructuring is being implemented in accordance with a Composite Scheme of Arrangement.

Regulatory Compliance

The company informed the exchanges about this development in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure confirms that the detailed order for the aforesaid approval was received on May 22, 2026. The intimation follows an earlier disclosure dated April 07, 2026, regarding the grant of approval by the CCI.

Lemon Tree Hotels Limited announced the signing of a franchise agreement for Keys Prima by Lemon Tree Hotels, Karnal in Haryana on May 18, 2026. The property will operate under the Lemon Tree Hotels Limited franchise, further strengthening the group's multi-brand presence across North India.

Expanding Footprint in Haryana

With this signing, Lemon Tree Hotels expands its presence in Haryana to 13 hotels, encompassing 11 operational and two upcoming properties. Karnal is described as a rapidly emerging urban centre in the state, supported by infrastructure development, expanding industrial activity, leading educational institutions, and its position along a major highway corridor. The city's evolving economic landscape and rising transit volume continue to drive demand for branded hospitality catering to corporate, social, and transit travellers.

Property Details

The upcoming hotel will offer a range of amenities designed to serve both business and leisure guests. Key details of the property are outlined below:

Strategic Positioning

Karnal's location along the Delhi–Chandigarh commercial highway corridor was cited as a key factor in the signing. The city sees a steady influx of business, social, and leisure travellers, generating consistent demand for reliable branded accommodation. Commenting on the development, Mr. Neelendra Singh, Managing Director, Lemon Tree Hotels Ltd., said:

"Karnal's strategic positioning along the heavy-traffic Delhi–Chandigarh commercial highway makes it an essential addition to our Haryana portfolio, taking our footprint in the State to 13 hotels. As a key transit and economic hub, Karnal sees a steady influx of business, social, and leisure travellers who actively seek dependable, branded accommodation. This signing allows us to tap into the high-volume demand of the GT Road corridor while steadily building on our multi-brand presence across Haryana's core growth zones."

About Lemon Tree Hotels Limited

Lemon Tree Hotels Limited operates across seven distinct brands — Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox, Keys Prima, Keys Select, and Keys Lite — covering segments from upper upscale to midscale, leisure, wildlife, and spiritual hospitality. The group currently operates 130+ hotels across 80+ cities in India and abroad, with a pipeline of 130+ upcoming properties. Since opening its first 49-room hotel in 2004, the group has grown to 250+ properties (operational and upcoming), with an international presence in Dubai, Bhutan, and Nepal.