Lemon Tree Hotels Opens Keys Select Vadodara, 11th Property in Gujarat

Lemon tree hotels has announced the opening of Keys Select by Lemon Tree Hotels, Vadodara, marking a significant expansion milestone in Gujarat. This launch represents the company's 11th property in the state and third hotel in Vadodara city, reinforcing its strategic presence in Gujarat's key business and cultural centers.

Property Details and Features

The newly inaugurated hotel offers comprehensive hospitality facilities designed for both business and leisure travelers. Located strategically on Atladra Padra Main Road, the property provides convenient access to Vadodara's major commercial districts and cultural attractions.

Feature:	Details
Total Rooms:	42 well-appointed rooms
Restaurant:	Full-service dining facility
Event Facilities:	Banquet hall and meeting room
Location:	Atladra Padra Main Road, Vadodara
Airport Distance:	12 km from Vadodara Domestic Airport
Railway Station:	7 km from Vadodara Junction

The final room configuration of 42 rooms represents a slight adjustment from the originally planned 45 rooms as disclosed to stock exchanges on October 17, 2023.

Strategic Location Advantages

The hotel's location in Vadodara positions it advantageously within Gujarat's cultural capital. The property offers seamless connectivity to prominent local attractions including:

Laxmi Vilas Palace
Sayaji Gardens
Baroda Museum & Picture Gallery
Major commercial districts

The strategic positioning ensures accessibility for both domestic and international travelers through proximity to key transportation hubs.

Management Commentary

Vishvapreet Singh Cheema, President of Lemon Tree Hotels Ltd., emphasized the strategic importance of the Vadodara market. He highlighted the city's growing economic significance and rich cultural heritage as key factors driving the expansion decision. The opening strengthens the company's presence in Vadodara, where it already operates two successful properties, demonstrating long-term commitment to the region.

Company Portfolio Expansion

This opening advances Lemon Tree Hotels' broader expansion strategy across high-potential destinations in India. The company operates a diverse portfolio spanning seven distinct brands: Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox, Keys Prima, Keys Select, and Keys Lite.

Portfolio Metrics:	Current Status
Operational Hotels:	130+ properties
Cities Covered:	80+ locations
Pipeline Properties:	130+ upcoming hotels
Total Portfolio:	250+ properties (operational and upcoming)
International Presence:	Dubai, Bhutan, Nepal

The Keys Select brand specifically targets the midscale segment, offering comfort and convenience for today's business and leisure travelers with stylish accommodations, attentive service, and quality dining options.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+7.35%	+5.54%	-5.16%	-35.18%	-21.35%	+201.96%

Lemon Tree Hotels Limited has disclosed receiving multiple regulatory notices and orders from various government authorities, affecting both the parent company and its subsidiaries. The disclosures were made under Regulation 30 of SEBI listing regulations on March 25, 2026.

Parent Company Notice Details

The parent company received a notice from the Employee State Insurance Corporation (ESIC), Okhla, New Delhi, demanding payment for regulatory violations:

Parameter:	Details
Authority:	Employee State Insurance Corporation, Okhla, New Delhi
Amount Demanded:	₹557/-
Violation:	ESI (General) Regulations, 1950 under Section 85(B)(1)
Notice Date:	March 12, 2026
Nature:	Default in contribution payment within stipulated time

Material Subsidiary - Fleur Hotels Limited

Fleur Hotels Limited, a material subsidiary, faces the most significant regulatory demands from two separate authorities:

Central Ground Water Board Notice

Parameter:	Details
Authority:	Central Ground Water Board, Western Region, Jaipur
Penalty Amount:	₹1,00,000/-
Violation:	Non-submission of Self Compliance Report
Notice Date:	February 19, 2026

CGST Department Order

The most substantial demand comes from the Central GST authorities:

Component:	Amount
Tax Liability (Section 74(9)):	₹4,07,18,442/-
Tax Liability (Section 74A(6)):	₹17,61,912/-
Penalty (Section 74(9)):	₹4,07,18,442/-
Penalty (Section 74A(6)):	₹17,61,912/-
Interest:	Under Section 50 of CGST Act
Order Date:	March 25, 2026
Period Covered:	Financial Years 2019-20 to 2024-25

The company has indicated that based on its assessment, the CGST demand is not maintainable and is evaluating legal remedies including filing an appeal against the order.

Other Subsidiary Penalties

Iora Hotels Private Limited

This material subsidiary received a penalty from groundwater authorities:

Parameter:	Details
Authority:	Central Ground Water Board, Central Region, Nagpur
Penalty Amount:	₹2,50,000/-
Violation:	Non-installation/faulty digital water flow meter and non-maintenance of withdrawal logs
Notice Date:	February 27, 2026

Inovoa Hotels and Resorts Limited

Parameter:	Details
Authority:	Inspector of Excise Range-30, Mahadevapura, Bangalore
Amount Demanded:	₹12,000/-
Violation:	Section 45 of Karnataka Excise Act, 1965
Notice Date:	February 27, 2026

Financial Impact Assessment

The company has stated that there is no material impact on financial operations except to the extent of the amounts specified in the respective notices. However, the cumulative exposure across all entities represents a significant regulatory compliance challenge, particularly the CGST demand on Fleur Hotels Limited which constitutes the largest portion of the total exposure.

The disclosure demonstrates the company's commitment to transparency in regulatory matters and compliance with SEBI listing obligations regarding material events that could impact stakeholder interests.