Lemon Tree Hotels Limited has announced the opening of Keys Select by Lemon Tree Hotels, Amritsar, marking a significant expansion of its hospitality footprint in North India. The property opens with an enhanced inventory of 50 well-appointed rooms—up from the 45 rooms previously disclosed to the stock exchanges—and represents the brand's third hotel in Punjab. The opening was disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on May 08, 2026.

Strategic Location in the Golden City

The hotel is situated in the heart of Amritsar, offering guests convenient access to the city's most iconic landmarks. The Golden Temple and Jallianwala Bagh are both within walking distance of the property, positioning it well to serve the city's robust pilgrimage and leisure tourism demand. In terms of connectivity, the property is located approximately 2.5 km from Amritsar Railway Station and 13 km from Sri Guru Ram Dass Jee International Airport.

Property Features and Amenities

The following table summarises the key details of the newly opened property:

Guests at the property can avail themselves of a range of amenities designed for both business and leisure travellers. Keys Café serves Indian and international cuisine throughout the day, complemented by in-room dining services. A well-equipped boardroom caters to corporate guests, while a fitness centre addresses recreational needs.

Leadership Commentary

Commenting on the launch, Mr. Vishvapreet Singh Cheema, President, Lemon Tree Hotels Ltd., said: "The launch of Keys Select by Lemon Tree Hotels, Amritsar, reflects our continued focus on bringing branded, reliable hospitality to India's spiritual and leisure destinations. Located in close proximity to the Golden Temple and Jallianwala Bagh, and offering contemporary offerings, the hotel is well positioned to cater to the city's growing tourism and pilgrimage demand, while further strengthening our presence in North India."

About Lemon Tree Hotels Limited

Lemon Tree Hotels Limited operates a diverse portfolio across seven distinct brands:

• Aurika Hotels & Resorts
• Lemon Tree Premier
• Lemon Tree Hotels
• Red Fox
• Keys Prima
• Keys Select
• Keys Lite

The group caters to segments spanning upper upscale, upscale, upper midscale, midscale, leisure, wildlife, and spiritual hospitality. Lemon Tree Hotels currently operates 130+ hotels across 80+ cities in India and abroad, with a growing pipeline of 130+ upcoming properties. Its international presence includes Dubai, Bhutan, and Nepal. Since opening its first 49-room hotel in 2004, the group has grown to 250+ properties (operational and upcoming), with a presence in metro hubs such as Delhi-NCR, Mumbai, Bengaluru, and Hyderabad, as well as tier II and III cities including Jaipur, Udaipur, Kochi, and Indore.

Lemon Tree Hotels Limited has disclosed the termination of a Master Service Agreement (MSA) by its material subsidiary, Berggruen Hotels Private Limited (BHPL), under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made to both the National Stock Exchange of India Limited and BSE Limited on May 06, 2026.

Termination of Master Service Agreement

BHPL terminated the MSA that was originally executed on May 23, 2010, with the following counterparties:

The agreement pertained to the hotel operated under the brand name "Keys Select Hotel Nestor by Lemon Tree". According to the disclosure, the termination was initiated by BHPL due to non-payment of outstanding Management Fee and deposit amount as required under the terms of the MSA.

Financial Impact

Lemon Tree Hotels has clarified that there is no significant financial impact on the company arising from the termination of the aforesaid agreements. The disclosure was signed by Pawan Kumar Kumawat, Company Secretary & Compliance Officer (M. No: A25377), on May 06, 2026.

About the Disclosure

The regulatory filing was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was addressed to both major Indian stock exchanges. Lemon Tree Hotels is registered under CIN No. L74899HR1992PLC140546, with its registered office located at Lemon Tree Corporate Park, Urban Complex, Ullahawas, Sector 60, Gurugram, Haryana-122011.